https://www.taxtmi.com/caselaws?id=13905 Retrospective amendment to section 80P(2)(a)(iii) of the Income-tax Act was treated as changing the law from 1 April 1968, requiring the agricultural produce to be grown by the members themselves. The earlier view allowing deduction where produce belonged to member societies was superseded. On that construction, marketing produce grown by members of member societies did not satisfy the statutory condition, so the deduction was unavailable. The Tribunal's interference with the revisional order was therefore not sustained. en-us Fri, 07 Sep 2001 00:00:00 +0530 Sat, 04 Jul 2009 18:25:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13905 Retrospective amendment to section 80P(2)(a)(iii) of the Income-tax Act was treated as changing the law from 1 April 1968, requiring the agricultural produce to be grown by the members themselves. The earlier view allowing deduction where produce belonged to member societies was superseded. On that construction, marketing produce grown by members of member societies did not satisfy the statutory condition, so the deduction was unavailable. The Tribunal's interference with the revisional order was therefore not sustained. Case-Laws Income Tax Fri, 07 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13905