https://www.taxtmi.com/caselaws?id=27425 The court held that the District Co-operative Marketing Society is eligible for exemption under section 80P(2)(a)(iv) of the Income-tax Act, 1961 for supplying fertilizers to members and non-members. The court interpreted the relationship between the Government and the societies, concluding that they were purchasers, not just agents. It clarified that section 80P(2)(a)(iv) applies even when supplies are made to non-members. The court also allowed further deduction under section 80P(2)(c) for profits from transactions with non-members, directing the Tribunal to determine the specific deduction amounts. en-us Fri, 27 Jul 1984 00:00:00 +0530 Fri, 12 Feb 2010 17:32:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27425 The court held that the District Co-operative Marketing Society is eligible for exemption under section 80P(2)(a)(iv) of the Income-tax Act, 1961 for supplying fertilizers to members and non-members. The court interpreted the relationship between the Government and the societies, concluding that they were purchasers, not just agents. It clarified that section 80P(2)(a)(iv) applies even when supplies are made to non-members. The court also allowed further deduction under section 80P(2)(c) for profits from transactions with non-members, directing the Tribunal to determine the specific deduction amounts. Case-Laws Income Tax Fri, 27 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27425