https://www.taxtmi.com/caselaws?id=55224 The Tribunal upheld the decision to deny a co-operative society's claim for total exemption under section 80P(2)(a)(vi) of the Income-tax Act, 1961. The society, formed by ONGC employees, failed to meet the conditions as its income was not solely derived from the collective disposal of its members' labour. The Tribunal determined that the society's highly skilled members did not fall within the intended scope of "labour" under the provision. Additionally, the employment of daily wage labourers and ownership of significant assets disqualified the society from the exemption. The appeal was dismissed. en-us Fri, 23 Aug 1991 00:00:00 +0530 Wed, 24 Nov 2010 16:30:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55224 The Tribunal upheld the decision to deny a co-operative society's claim for total exemption under section 80P(2)(a)(vi) of the Income-tax Act, 1961. The society, formed by ONGC employees, failed to meet the conditions as its income was not solely derived from the collective disposal of its members' labour. The Tribunal determined that the society's highly skilled members did not fall within the intended scope of "labour" under the provision. Additionally, the employment of daily wage labourers and ownership of significant assets disqualified the society from the exemption. The appeal was dismissed. Case-Laws Income Tax Fri, 23 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55224