https://www.taxtmi.com/caselaws?id=34674 The court held that a co-operative society engaged in manufacturing and selling sugar from sugarcane grown by its members was entitled to deduction under section 80P(2)(a)(iii) of the Income-tax Act, 1961. The court emphasized that the provisions of sub-clause (iii) should be considered separately from sub-clause (v) and that activities necessary for making agricultural produce marketable, even if processed with power, fell within the scope of the exemption. The decision favored the appellant and overturned the earlier ruling, promoting a liberal construction of section 80P to support the co-operative movement. en-us Fri, 22 May 2009 00:00:00 +0530 Wed, 07 Oct 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34674 The court held that a co-operative society engaged in manufacturing and selling sugar from sugarcane grown by its members was entitled to deduction under section 80P(2)(a)(iii) of the Income-tax Act, 1961. The court emphasized that the provisions of sub-clause (iii) should be considered separately from sub-clause (v) and that activities necessary for making agricultural produce marketable, even if processed with power, fell within the scope of the exemption. The decision favored the appellant and overturned the earlier ruling, promoting a liberal construction of section 80P to support the co-operative movement. Case-Laws Income Tax Fri, 22 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34674