https://www.taxtmi.com/caselaws?id=24965 The High Court of Andhra Pradesh referred a case to the Income-tax Appellate Tribunal to determine if eggs qualified as "agricultural produce" for exemption under section 80P(2)(iii) of the Income-tax Act. The Tribunal recognized poultry farming, including egg production, as agriculture, supporting the exemption claim. However, the High Court emphasized that for a cooperative society to claim exemption, the agricultural produce must belong to its members. The Court directed the Tribunal to investigate and establish egg ownership during marketing by the society. The case was returned for further examination without costs awarded. en-us Mon, 21 Mar 1988 00:00:00 +0530 Sat, 23 Jan 2010 14:08:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24965 The High Court of Andhra Pradesh referred a case to the Income-tax Appellate Tribunal to determine if eggs qualified as "agricultural produce" for exemption under section 80P(2)(iii) of the Income-tax Act. The Tribunal recognized poultry farming, including egg production, as agriculture, supporting the exemption claim. However, the High Court emphasized that for a cooperative society to claim exemption, the agricultural produce must belong to its members. The Court directed the Tribunal to investigate and establish egg ownership during marketing by the society. The case was returned for further examination without costs awarded. Case-Laws Income Tax Mon, 21 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24965