Wednesday 28 October 2015

Society engaged in trading of toddy purchased from non-members isn't entitled to sec. 80P relief

IT : Where assessee-society having collected toddy from its members as well as non-members, sold same through its shops on profit basis, assessee's income had nothing to do with collective disposal of labour of its members and, therefore, claim raised by it under section 80P(2)(a)(vi) was to be rejected

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