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of <h1>Section 149 preserves activity-specific co-operative society deductions but changes cross-reference and omits clause 149(6) definitions</h1> The enacted Section 149 preserves broad, activity-specific deductions for co-operative societies similar to the Bill but alters references and omits certain definitional aids. Both texts grant full deduction for enumerated agricultural, credit, marketing, processing (without power), labour-collective and fishing activities, full relief for inter-co-operative investment income and godown letting, and capped relief for minor non-specified activities; both condition fishing/labour relief on bye-laws limiting voting. Key changes: the Act substitutes a different cross-reference (section 138) for the Bill's 80-IA link and drops Clause 149(6) definitions, creating potential interpretive ambiguity and requiring practitioners to verify cross-references and maintain governance and allocation records.
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