https://www.taxtmi.com/caselaws?id=27149 The court ruled against the assessee in both issues. Firstly, the assessee was denied tax exemption under section 81(i)(d) for profits from the fertiliser business as they did not qualify as engaged in the purchase of fertilisers. Secondly, the assessee was also denied exemption for profits from the sale of insecticides to non-members as a significant portion of sales were to non-members, not meeting the criteria of supplying articles to members as required by the law. The court ordered the assessee to pay the costs of the reference. en-us Tue, 11 Jan 1983 00:00:00 +0530 Thu, 11 Feb 2010 10:46:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27149 The court ruled against the assessee in both issues. Firstly, the assessee was denied tax exemption under section 81(i)(d) for profits from the fertiliser business as they did not qualify as engaged in the purchase of fertilisers. Secondly, the assessee was also denied exemption for profits from the sale of insecticides to non-members as a significant portion of sales were to non-members, not meeting the criteria of supplying articles to members as required by the law. The court ordered the assessee to pay the costs of the reference. Case-Laws Income Tax Tue, 11 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27149