https://www.taxtmi.com/caselaws?id=18145 The court clarified that deduction under section 80P(2)(a)(iv) of the Income-tax Act should be allowed on the gross income from the sale of fertilizers to members. The court directed the Tribunal to refer the question of whether proportionate expenses should be deducted from the gross income before allowing the deduction. This decision was based on the precedent set by Punjab State Co-operative's case [1981] 128 ITR 189, distinguishing it from Distributors (Baroda) P. Ltd.'s case [1985] 155 ITR 120. en-us Wed, 09 Oct 1996 00:00:00 +0530 Tue, 29 Sep 2009 10:59:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18145 The court clarified that deduction under section 80P(2)(a)(iv) of the Income-tax Act should be allowed on the gross income from the sale of fertilizers to members. The court directed the Tribunal to refer the question of whether proportionate expenses should be deducted from the gross income before allowing the deduction. This decision was based on the precedent set by Punjab State Co-operative's case [1981] 128 ITR 189, distinguishing it from Distributors (Baroda) P. Ltd.'s case [1985] 155 ITR 120. Case-Laws Income Tax Wed, 09 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18145