https://www.taxtmi.com/caselaws?id=14484 The High Court held that the cooperative society could claim deduction under section 80P(2)(e) of the Income-tax Act, 1961 for income attributable to the storage of fertilizers in its godowns. The society needed to demonstrate the portion of income related to storage to avail of the exemption. The court emphasized the need to bifurcate the income received for various services rendered, including storage, handling, distribution, and sale of fertilizers. The judgment clarified that only the income directly linked to storage could be eligible for the deduction, as per the agreement with the government. en-us Tue, 14 Nov 2000 00:00:00 +0530 Thu, 16 Jul 2009 11:45:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14484 The High Court held that the cooperative society could claim deduction under section 80P(2)(e) of the Income-tax Act, 1961 for income attributable to the storage of fertilizers in its godowns. The society needed to demonstrate the portion of income related to storage to avail of the exemption. The court emphasized the need to bifurcate the income received for various services rendered, including storage, handling, distribution, and sale of fertilizers. The judgment clarified that only the income directly linked to storage could be eligible for the deduction, as per the agreement with the government. Case-Laws Income Tax Tue, 14 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14484