2006 (10) TMI 139

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...., J. - The above tax case is directed against the order of the Income-tax Appellate Tribunal made in I.T.A.No. 689/Mds/2001, dated 6.1.2006 with reference to the assessment year 1996-1997. 2. The Revenue is the appellant. The assessee is a co-operative society engaged in the marketing of agricultural products. The assessee advanced loans to its members and received interest therefrom. The assesse....

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....tial question of law:- "Whether in the facts and under the circumstances of the case, the Tribunal was right in holding that the respondent Co-operative Society which is engaged in the marketing of the agricultural produce is eligible for the benefit of Section 80P(2)(a)(i) of the Income Tax Act in respect of the interest received from members?" 4. It is fairly conceded by the learned counsel ap....