https://www.taxtmi.com/caselaws?id=38609 The High Court of GAUHATI ruled against a co-operative society's claim for exemption under section 81(i)(c) of the Income-tax Act, 1961. The society failed to establish a direct link with the agricultural produce of its members, as it did not deal directly with the produce grown by its members. The Court emphasized the requirement for a co-operative society to actively engage in marketing the agricultural produce of its members to qualify for the exemption. The judgment clarified the criteria for exemption for co-operative societies involved in agricultural marketing activities. en-us Tue, 13 Jul 1976 00:00:00 +0530 Wed, 07 Apr 2010 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38609 The High Court of GAUHATI ruled against a co-operative society's claim for exemption under section 81(i)(c) of the Income-tax Act, 1961. The society failed to establish a direct link with the agricultural produce of its members, as it did not deal directly with the produce grown by its members. The Court emphasized the requirement for a co-operative society to actively engage in marketing the agricultural produce of its members to qualify for the exemption. The judgment clarified the criteria for exemption for co-operative societies involved in agricultural marketing activities. Case-Laws Income Tax Tue, 13 Jul 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38609