https://www.taxtmi.com/caselaws?id=18826 A co-operative society's exemption claim on service charges failed because the credit-related activity was not provided to its own members. Cane growers were members of a union that itself was a member of the society, but they were not members of the assessee society. Applying the binding view on the same facts as the earlier year, the statutory requirement under section 80P(2)(a)(i) was not met because the facilities were extended to non-members. The service-charge income was therefore not exempt, and the issue was decided against the assessee and in favour of the Revenue. en-us Thu, 24 Aug 1995 00:00:00 +0530 Mon, 02 Nov 2009 12:24:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18826 A co-operative society's exemption claim on service charges failed because the credit-related activity was not provided to its own members. Cane growers were members of a union that itself was a member of the society, but they were not members of the assessee society. Applying the binding view on the same facts as the earlier year, the statutory requirement under section 80P(2)(a)(i) was not met because the facilities were extended to non-members. The service-charge income was therefore not exempt, and the issue was decided against the assessee and in favour of the Revenue. Case-Laws Income Tax Thu, 24 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18826