Supreme Court · 1998 INSC 235 · Decided 13 May 1998
Kerala State Cooperative Marketing Federation LTD. and Another v. Commissioner of Income Tax
- Court
- Supreme Court of India
- Citation
- 1998 INSC 235 · [1998] 3 S.C.R. 443
- Case number
- CIVIL APPEAL No. 506/1994
- Decided
- 13 May 1998
- Bench
- S.C. AGRAWAL, S.P. KURDUKAR, S. RAJENDRA BABU (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
MARKETING FEDERATION LTD. AND ANOTHER v. COMMISSIONER OF INCOME TAX MAY 13, 1998 [S.C. AGARWAL, S.P. KURDUKAR ANDS. RAJENDRA BABU, JJ.) Income Tax Act, 1961 : A B Section 80-P(2)(a)(iii)-Deduction claimed by a cooperative society C engaged in marketing agricultural produce of its out of marketing of agricultural produce of its members-Section 80-P does not limit the scope of the exemption to agricultural produce raised by D members alone- It also extends to agricultural produce raised by others but belonging to cooperative societies-Cooperative Societies. Section
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