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    <title>Premium paid by a federal milk society on life of cattle - (New) Section 30(b) / (Old) Section 36(1)(ia)</title>
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    <description>Premium paid by a federal milk co-operative society for insurance on the life of cattle owned by members of a primary co-operative society is allowed as a deduction in computing business income, where the primary society supplies milk produced by its members to the federal milk co-operative society claiming the deduction.</description>
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      <description>Premium paid by a federal milk co-operative society for insurance on the life of cattle owned by members of a primary co-operative society is allowed as a deduction in computing business income, where the primary society supplies milk produced by its members to the federal milk co-operative society claiming the deduction.</description>
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