https://www.taxtmi.com/caselaws?id=22211 HC held that the assessee co-operative apex society is entitled to deduction under section 80P(2)(a) in respect of profits attributable to marketing agricultural produce belonging to its member primary societies, notwithstanding purchases from non-members, as section 80P does not mandate exclusivity. The benefit is confined to produce of the 86 member societies, with income to be redetermined accordingly. HC upheld the Tribunal's view that an assessee may raise new or additional grounds for the first time before the Tribunal, and that the Tribunal rightly allowed an additional ground relating to statutory purchase tax liability and remitted that issue to the CIT(A). Questions were answered in favour of the assessee; one was declined as no final finding had been rendered. en-us Fri, 15 Feb 1991 00:00:00 +0530 Mon, 08 Dec 2025 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22211 HC held that the assessee co-operative apex society is entitled to deduction under section 80P(2)(a) in respect of profits attributable to marketing agricultural produce belonging to its member primary societies, notwithstanding purchases from non-members, as section 80P does not mandate exclusivity. The benefit is confined to produce of the 86 member societies, with income to be redetermined accordingly. HC upheld the Tribunal's view that an assessee may raise new or additional grounds for the first time before the Tribunal, and that the Tribunal rightly allowed an additional ground relating to statutory purchase tax liability and remitted that issue to the CIT(A). Questions were answered in favour of the assessee; one was declined as no final finding had been rendered. Case-Laws Income Tax Fri, 15 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22211