Amendment of section 149.

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....ollowing clause shall be substituted, namely:- "(d) in respect of any income derived by the co-operative society from its investments with any other co-operative society by way of- (i) interest; or (ii) dividends, the whole of such income;"; (b) after sub-section (5), the following sub-section shall be inserted, namely:-- '(6) For the purposes of thi....

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.... of business in the case of a co-operative society, being a primary society engaged in supplying milk, oilseeds, fruits, or vegetables raised or grown by its members to certain entities. It is proposed to include cotton seeds and cattle feed also within the ambit of the said clause. Clause (d) of sub-section (2) of the said section allows for deduction of income by way of dividends received ....