https://www.taxtmi.com/caselaws?id=471647 Section 80P(2)(a)(iii) permits deduction for paddy procurement commission where a co-operative society coordinates procurement, logistics and payment of proceeds for agricultural produce grown by its members. Routing the commission through a State agency or tax deduction at source does not alter the activity's character as member-produce marketing, absent material showing procurement from non-members. Section 80P(2)(d) also covers interest on deposits with a district central co-operative bank registered as a co-operative society. Section 80P(4) limits the co-operative bank's own deduction but does not prevent a depositor co-operative society from claiming deduction on such interest. en-us Fri, 14 Nov 2025 00:00:00 +0530 Fri, 11 Sep 2026 19:04:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471647 Section 80P(2)(a)(iii) permits deduction for paddy procurement commission where a co-operative society coordinates procurement, logistics and payment of proceeds for agricultural produce grown by its members. Routing the commission through a State agency or tax deduction at source does not alter the activity's character as member-produce marketing, absent material showing procurement from non-members. Section 80P(2)(d) also covers interest on deposits with a district central co-operative bank registered as a co-operative society. Section 80P(4) limits the co-operative bank's own deduction but does not prevent a depositor co-operative society from claiming deduction on such interest. Case-Laws Income Tax Fri, 14 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471647