https://www.taxtmi.com/caselaws?id=38079 The High Court ruled that income from the printing press business of a co-operative society was not exempt under section 81(i)(a) of the Income-tax Act, 1961. However, the society was entitled to an exemption of Rs. 15,000 under section 81(ii) of the Act. The Court clarified that the exemption did not fall under the proviso to section 81(i). The Commissioner of Income-tax was awarded costs of Rs. 200. en-us Thu, 10 Apr 1975 00:00:00 +0530 Mon, 19 Feb 2018 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38079 The High Court ruled that income from the printing press business of a co-operative society was not exempt under section 81(i)(a) of the Income-tax Act, 1961. However, the society was entitled to an exemption of Rs. 15,000 under section 81(ii) of the Act. The Court clarified that the exemption did not fall under the proviso to section 81(i). The Commissioner of Income-tax was awarded costs of Rs. 200. Case-Laws Income Tax Thu, 10 Apr 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38079