https://www.taxtmi.com/caselaws?id=13152 The court held that the assessee, a cooperative society processing sugarcane into sugar, is not entitled to exemption under section 80P(2)(a)(iii) of the Income-tax Act, 1961. The court determined that the processing of sugarcane into sugar, which involved significant processing with the aid of power, did not qualify as "marketing agricultural produce" as required for the exemption. As a result, the assessee's claim for deductions for the assessment years 1992-93 to 1995-96 was denied, and the writ petition for rectification was dismissed. en-us Tue, 04 Sep 2001 00:00:00 +0530 Tue, 26 May 2009 17:01:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13152 The court held that the assessee, a cooperative society processing sugarcane into sugar, is not entitled to exemption under section 80P(2)(a)(iii) of the Income-tax Act, 1961. The court determined that the processing of sugarcane into sugar, which involved significant processing with the aid of power, did not qualify as "marketing agricultural produce" as required for the exemption. As a result, the assessee's claim for deductions for the assessment years 1992-93 to 1995-96 was denied, and the writ petition for rectification was dismissed. Case-Laws Income Tax Tue, 04 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13152