https://www.taxtmi.com/caselaws?id=57714 The tribunal upheld the lower authorities' decision, denying a Cooperative society's claim for exemption under s. 80P(2)(e) of the IT Act, 1961. The society's income from commission for procurement of paddy and rice did not qualify for exemption as it did not stem from letting of godowns for storage, processing, or marketing of commodities, as required by the provision. The tribunal emphasized that the income exempted under s. 80P(2)(e) must be derived from letting godowns specifically for these purposes, leading to the dismissal of the appeal and affirming the decision against the society. en-us Thu, 23 Feb 1984 00:00:00 +0530 Mon, 13 Dec 2010 11:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57714 The tribunal upheld the lower authorities' decision, denying a Cooperative society's claim for exemption under s. 80P(2)(e) of the IT Act, 1961. The society's income from commission for procurement of paddy and rice did not qualify for exemption as it did not stem from letting of godowns for storage, processing, or marketing of commodities, as required by the provision. The tribunal emphasized that the income exempted under s. 80P(2)(e) must be derived from letting godowns specifically for these purposes, leading to the dismissal of the appeal and affirming the decision against the society. Case-Laws Income Tax Thu, 23 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57714