Broach District Co-Operative Cotton Sales, Ginning & Pressing Society Ltd. vs Commissioner Of Income Tax

Authority: Supreme Court Date: 1989-04-26 AY: 1961-62, 1962-63, 1963-64 Section: 80P Acts: Income Tax Act 1961 Result: Assessee Citation: (1989) 77 CTR (SC) 70 : (1989) 177 ITR 418 (SC) : (1989) 44 TAXMAN 439 Justices: R.S. Pathak, C.J. & M.H. Kania, J. Appeal No: Civil Appeal Nos. 513 to 515 of 1975
Whether income of a co-operative society from ginning and pressing cotton with the aid of power, when such activities are integral to marketing agricultural produce of its members, qualifies for exemption under section 81(i)(c) of the Income Tax Act 1961 (pre-amendment) --- Held Yes

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