https://www.taxtmi.com/caselaws?id=798287 Section 10(27) exempts income of a cooperative society formed to promote the interests of Scheduled Castes or Scheduled Tribes where its membership consists of similarly purposive cooperative societies and its finances are provided by the Government and those societies. Promotion through the lac industry may satisfy the statutory purpose where supported by the society's objects, membership records and beneficiary details. The provision does not require beneficiaries to be exclusively Scheduled Castes or Scheduled Tribes. Substantial Government and similar-society funding may meet the financing condition despite incidental income from other sources. en-us Wed, 29 Jul 2026 00:00:00 +0530 Fri, 04 Sep 2026 08:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798287 Section 10(27) exempts income of a cooperative society formed to promote the interests of Scheduled Castes or Scheduled Tribes where its membership consists of similarly purposive cooperative societies and its finances are provided by the Government and those societies. Promotion through the lac industry may satisfy the statutory purpose where supported by the society's objects, membership records and beneficiary details. The provision does not require beneficiaries to be exclusively Scheduled Castes or Scheduled Tribes. Substantial Government and similar-society funding may meet the financing condition despite incidental income from other sources. Case-Laws Income Tax Wed, 29 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798287