https://www.taxtmi.com/caselaws?id=25309 The High Court held that a co-operative society engaged in the manufacture of handloom cloth qualified as a 'cottage industry' under section 80P(2)(a)(ii) of the Income-tax Act. The society employed artisans in a thatched shed, meeting the criteria of a 'cottage industry'. The court distinguished a previous case and ruled in favor of the assessee, upholding the decision of the Appellate Tribunal. The procedural issue raised by the Revenue regarding the timing of the claim was not considered. The judgment favored the assessee, entitling them to the benefit under the Income-tax Act. en-us Thu, 16 Jul 1987 00:00:00 +0530 Wed, 27 Jan 2010 18:00:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25309 The High Court held that a co-operative society engaged in the manufacture of handloom cloth qualified as a 'cottage industry' under section 80P(2)(a)(ii) of the Income-tax Act. The society employed artisans in a thatched shed, meeting the criteria of a 'cottage industry'. The court distinguished a previous case and ruled in favor of the assessee, upholding the decision of the Appellate Tribunal. The procedural issue raised by the Revenue regarding the timing of the claim was not considered. The judgment favored the assessee, entitling them to the benefit under the Income-tax Act. Case-Laws Income Tax Thu, 16 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25309