https://www.taxtmi.com/caselaws?id=35681 The cottage-industry exemption for a co-operative society applies only to income arising from an actual industrial activity involving manufacture, not from a mere trading activity of buying and selling goods. Income from the society's Emporium was therefore outside the exemption to the extent it came from buying and selling products of outsiders, while manufacture and sale of the society's own products and those of its members remained within the exempt category. en-us Wed, 26 Nov 1980 00:00:00 +0530 Tue, 16 Mar 2010 10:49:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35681 The cottage-industry exemption for a co-operative society applies only to income arising from an actual industrial activity involving manufacture, not from a mere trading activity of buying and selling goods. Income from the society's Emporium was therefore outside the exemption to the extent it came from buying and selling products of outsiders, while manufacture and sale of the society's own products and those of its members remained within the exempt category. Case-Laws Income Tax Wed, 26 Nov 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35681