https://www.taxtmi.com/caselaws?id=55656 The Tribunal held that the extraction of oil and sale by the Co-operative Society constituted marketing of its members' agricultural produce, making it eligible for exemption under Section 80P(2)(a)(iii) of the Income-tax Act, 1961. The Tribunal emphasized a liberal interpretation of the provision to promote the growth of co-operative societies, rejecting the department's call for a strict interpretation. The decision overturned the CIT(A)'s order and directed the Income Tax Officer to allow the deduction, granting the appeal in favor of the assessee. en-us Wed, 05 Jun 1991 00:00:00 +0530 Mon, 29 Nov 2010 12:33:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55656 The Tribunal held that the extraction of oil and sale by the Co-operative Society constituted marketing of its members' agricultural produce, making it eligible for exemption under Section 80P(2)(a)(iii) of the Income-tax Act, 1961. The Tribunal emphasized a liberal interpretation of the provision to promote the growth of co-operative societies, rejecting the department's call for a strict interpretation. The decision overturned the CIT(A)'s order and directed the Income Tax Officer to allow the deduction, granting the appeal in favor of the assessee. Case-Laws Income Tax Wed, 05 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55656