https://www.taxtmi.com/caselaws?id=22115 The High Court held that the assessee, a co-operative society, was entitled to relief under section 80P(2)(a)(iii) of the Income-tax Act, 1961. The court determined that the processed latex sold by the assessee remained agricultural produce and that the activities performed by the assessee fell within the scope of "marketing" as defined in the provision. The court emphasized the promotion of co-operative activities and exempted the profits from the marketing of agricultural produce of its members. The Tribunal's decision was overturned in favor of the assessee, and the reference was disposed of accordingly. en-us Tue, 23 Jan 1990 00:00:00 +0530 Mon, 07 Dec 2009 11:51:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22115 The High Court held that the assessee, a co-operative society, was entitled to relief under section 80P(2)(a)(iii) of the Income-tax Act, 1961. The court determined that the processed latex sold by the assessee remained agricultural produce and that the activities performed by the assessee fell within the scope of "marketing" as defined in the provision. The court emphasized the promotion of co-operative activities and exempted the profits from the marketing of agricultural produce of its members. The Tribunal's decision was overturned in favor of the assessee, and the reference was disposed of accordingly. Case-Laws Income Tax Tue, 23 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22115