https://www.taxtmi.com/caselaws?id=38553 The High Court of Calcutta ruled against the assessee, denying the exemption claimed under section 11(1)(a) of the Income-tax Act, 1961. The court held that income from the business of export of sugar and interest from deposits did not qualify for exemption under the provision, citing the Supreme Court's decision in Commissioner of Income-tax v. Indian Sugar Mills Association [1974] 97 ITR 486. The court also dismissed the assessee's argument for exemption as a registered trade union under section 10(24), emphasizing the limited scope of the question referred by the Tribunal. en-us Mon, 17 Mar 1975 00:00:00 +0530 Wed, 07 Apr 2010 12:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38553 The High Court of Calcutta ruled against the assessee, denying the exemption claimed under section 11(1)(a) of the Income-tax Act, 1961. The court held that income from the business of export of sugar and interest from deposits did not qualify for exemption under the provision, citing the Supreme Court's decision in Commissioner of Income-tax v. Indian Sugar Mills Association [1974] 97 ITR 486. The court also dismissed the assessee's argument for exemption as a registered trade union under section 10(24), emphasizing the limited scope of the question referred by the Tribunal. Case-Laws Income Tax Mon, 17 Mar 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38553