Supreme Court · 2009 INSC 924 · Decided 16 July 2009
Udaipur Sahakari Upbhokta Thok Bhandar LTD. v. Commissioner of Income-Tax
- Court
- Supreme Court of India
- Citation
- 2009 INSC 924 · [2009] 11 S.C.R. 90
- Case number
- CIVIL APPEAL No. 4399/2009
- Decided
- 16 July 2009
- Bench
- S.H. KAPADIA, AFTAB ALAM (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 80P(2)(e)
Headnote
Income Tax Act, 1961 - s.80P(2)(e) - Exemption from income tax - On the income of commission for storage of C controlled commodities under Rajasthan Foodgrains and Other Essential Articles (Regulation of Distribution) Order, 1976- Held: The assessee was not entitled to the exf3.mptfgn as the commodities as p~rt of it$ own D trading stock. Appellant a Cooperative society was dealing in a composite business. It was a dealer in non-controlled commodities and it was also an authorised holder in respect of controlled commodities under Rajasthan E Foodgrains and Other Essential
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