https://www.taxtmi.com/caselaws?id=36280 The court ruled in favor of the assessee in a case concerning the exemption of commission charges under section 80P(2)(a)(iii) of the Income-tax Act, 1961. The court held that the commission earned from marketing cotton of its members was exempt as it did not alter the nature of the cotton as agricultural produce. Additionally, amounts representing interest, godown charges, insurance charges, and rebate on insurance charges were deemed exempt under section 80P(2)(a) as they were recoveries attributable to the marketing of agricultural produce. The Commissioner was directed to pay the costs of the reference to the assessee. en-us Tue, 14 Oct 1980 00:00:00 +0530 Sat, 20 Mar 2010 13:47:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36280 The court ruled in favor of the assessee in a case concerning the exemption of commission charges under section 80P(2)(a)(iii) of the Income-tax Act, 1961. The court held that the commission earned from marketing cotton of its members was exempt as it did not alter the nature of the cotton as agricultural produce. Additionally, amounts representing interest, godown charges, insurance charges, and rebate on insurance charges were deemed exempt under section 80P(2)(a) as they were recoveries attributable to the marketing of agricultural produce. The Commissioner was directed to pay the costs of the reference to the assessee. Case-Laws Income Tax Tue, 14 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36280