https://www.taxtmi.com/caselaws?id=789635 Section 64(d) of the Multi-State Co-operative Societies Act, 2002 was treated as a restrictive investment control, with "any other institution in the same line of business" construed by reference to a society's bye-laws. The inquiry focused on the objects and functions authorised by the bye-laws; the society was regarded as primarily financial and member-oriented, and its agro-based processing clause did not extend to manufacture of man-made fibre or viscose textiles. An amended investment clause did not alter the object clause or establish sameness of business. The appeal was ultimately permitted to be withdrawn, and no final merits adjudication was made. en-us Thu, 09 Apr 2026 00:00:00 +0530 Sat, 11 Apr 2026 08:53:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789635 Section 64(d) of the Multi-State Co-operative Societies Act, 2002 was treated as a restrictive investment control, with "any other institution in the same line of business" construed by reference to a society's bye-laws. The inquiry focused on the objects and functions authorised by the bye-laws; the society was regarded as primarily financial and member-oriented, and its agro-based processing clause did not extend to manufacture of man-made fibre or viscose textiles. An amended investment clause did not alter the object clause or establish sameness of business. The appeal was ultimately permitted to be withdrawn, and no final merits adjudication was made. Case-Laws IBC Thu, 09 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789635