https://www.taxtmi.com/caselaws?id=17382 The apex co-operative society for coir marketing was denied exemption under section 80P(2)(a)(ii) of the Income-tax Act for the assessment year 1980-81. The tribunal ruled that the society did not directly market agricultural produce but acted on behalf of its primary societies, which were the actual producers. The court clarified that the exemption provision aimed to support societies engaged in cottage industries and marketing agricultural produce, excluding those comprising traders. The judgment emphasized the need for societies to be actively involved in cottage industry activities and marketing agricultural produce to qualify for the exemption. en-us Tue, 25 Jun 1996 00:00:00 +0530 Tue, 22 Sep 2009 10:29:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17382 The apex co-operative society for coir marketing was denied exemption under section 80P(2)(a)(ii) of the Income-tax Act for the assessment year 1980-81. The tribunal ruled that the society did not directly market agricultural produce but acted on behalf of its primary societies, which were the actual producers. The court clarified that the exemption provision aimed to support societies engaged in cottage industries and marketing agricultural produce, excluding those comprising traders. The judgment emphasized the need for societies to be actively involved in cottage industry activities and marketing agricultural produce to qualify for the exemption. Case-Laws Income Tax Tue, 25 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17382