2007 (2) TMI 214

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....he Revenue.   JUDGMENT   The judgment of the court was delivered by   M. M. Kumar J.— This order shall dispose of I. T. R. Nos. 401 and 402 of 1995, 133 of 1996 and 52 of 1997 as common question of law and facts have been raised. These references have been made under section 256(1) of the Income-tax Act, 1961 (for short "the Act"). 2. The facts have been taken....

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.... purpose of the society was collective disposal of labour for discharge of financial and social interest of the labourers of the area who have been the member of the society. Therefore, it has been found that all the conditions laid down under section 80P (2)(a)(vi) of the Act were fulfilled and the income of the society was fully exempted from tax. It is also worth mentioning that the accounts of....