https://www.taxtmi.com/caselaws?id=20632 The High Court held that the co-operative society was not entitled to exemption from income tax on the commission earned from handling and distributing fertilizers as the income did not stem from letting godowns for storage. The Tribunal's decision granting the exemption was overturned, and the society was directed to pay income tax on the commission earned. The court instructed the society to specify the exemption claim details to the tax authorities. The assessee was allowed to seek a certificate for appealing to the Supreme Court. en-us Tue, 20 Aug 1991 00:00:00 +0530 Mon, 16 Nov 2009 12:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20632 The High Court held that the co-operative society was not entitled to exemption from income tax on the commission earned from handling and distributing fertilizers as the income did not stem from letting godowns for storage. The Tribunal's decision granting the exemption was overturned, and the society was directed to pay income tax on the commission earned. The court instructed the society to specify the exemption claim details to the tax authorities. The assessee was allowed to seek a certificate for appealing to the Supreme Court. Case-Laws Income Tax Tue, 20 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20632