https://www.taxtmi.com/caselaws?id=31392 The High Court upheld the decision allowing a cooperative society engaged in marketing agricultural products to claim deductions under Section 80P(2)(a)(i) of the Income Tax Act for interest received from members. The court dismissed the Revenue's appeal, citing precedent where a similar benefit was granted to a cooperative society running a sugar mill. It was ruled that the cooperative society in question was eligible for the tax benefits, affirming their entitlement under the specified section of the Income Tax Act. en-us Thu, 26 Oct 2006 00:00:00 +0530 Wed, 12 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31392 The High Court upheld the decision allowing a cooperative society engaged in marketing agricultural products to claim deductions under Section 80P(2)(a)(i) of the Income Tax Act for interest received from members. The court dismissed the Revenue's appeal, citing precedent where a similar benefit was granted to a cooperative society running a sugar mill. It was ruled that the cooperative society in question was eligible for the tax benefits, affirming their entitlement under the specified section of the Income Tax Act. Case-Laws Income Tax Thu, 26 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31392