https://www.taxtmi.com/caselaws?id=20273 The High Court ruled against the Kerala State Co-operative Marketing Federation Limited, denying the deduction under section 80P(2)(a)(iii) of the Income-tax Act, 1961 for purchases made from member societies. The court held that the exemption applies only if the agricultural produce marketed by the assessee was produced by its members, as clarified in a Supreme Court decision. Since there was no evidence that the produce was grown by the members of the assessee society, the deduction was not allowed for the assessment year 1980-81. en-us Wed, 11 Aug 1993 00:00:00 +0530 Thu, 12 Nov 2009 18:19:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20273 The High Court ruled against the Kerala State Co-operative Marketing Federation Limited, denying the deduction under section 80P(2)(a)(iii) of the Income-tax Act, 1961 for purchases made from member societies. The court held that the exemption applies only if the agricultural produce marketed by the assessee was produced by its members, as clarified in a Supreme Court decision. Since there was no evidence that the produce was grown by the members of the assessee society, the deduction was not allowed for the assessment year 1980-81. Case-Laws Income Tax Wed, 11 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20273