https://www.taxtmi.com/caselaws?id=57382 The Tribunal upheld the decision of the Commissioner (Appeals) in dismissing the co-operative society's claim for exemption under section 80P(2)(e) of the Income-tax Act, 1961. The income from commission for procurement activities and reimbursement of transport charges did not qualify for exemption as it did not represent earnings from letting of godowns for storage, processing, or facilitating the marketing of commodities, as required by the provision. The Tribunal emphasized that the income must be derived from letting godowns for specific purposes to be eligible for exemption, leading to the dismissal of the appeal. en-us Thu, 23 Feb 1984 00:00:00 +0530 Thu, 09 Dec 2010 18:18:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57382 The Tribunal upheld the decision of the Commissioner (Appeals) in dismissing the co-operative society's claim for exemption under section 80P(2)(e) of the Income-tax Act, 1961. The income from commission for procurement activities and reimbursement of transport charges did not qualify for exemption as it did not represent earnings from letting of godowns for storage, processing, or facilitating the marketing of commodities, as required by the provision. The Tribunal emphasized that the income must be derived from letting godowns for specific purposes to be eligible for exemption, leading to the dismissal of the appeal. Case-Laws Income Tax Thu, 23 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57382