https://www.taxtmi.com/caselaws?id=16238 The Court held in favor of the cooperative society, ruling that the income derived from the Lift Irrigation Scheme was exempt from income tax under section 80P(2)(a)(iv) of the Income-tax Act, 1961. The Court determined that the water charges paid by the society constituted the purchase price of water for agricultural use, making the income eligible for exemption. The Revenue's appeal was dismissed, and the society was not ordered to pay costs. en-us Sat, 20 Mar 1999 00:00:00 +0530 Fri, 04 Sep 2009 16:32:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16238 The Court held in favor of the cooperative society, ruling that the income derived from the Lift Irrigation Scheme was exempt from income tax under section 80P(2)(a)(iv) of the Income-tax Act, 1961. The Court determined that the water charges paid by the society constituted the purchase price of water for agricultural use, making the income eligible for exemption. The Revenue's appeal was dismissed, and the society was not ordered to pay costs. Case-Laws Income Tax Sat, 20 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16238