Supreme Court of India

Kerala State Cooperative Marketing Federation Ltd. and Another v. Commissioner of Income Tax

Neutral citation

Reported as [1998] 3 S.C.R. 443

Bench S.C. Agrawal J.

Decided 13 May 1998

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

2 Supreme Court benches have cited this judgment.

What the Court ordered

We hold that the society engaged in the marketing of agricultural produce of B its members would mean not only such societies which deal with the produce raised by the members who are individuals or societies which are members thereof who may have purchased such goods from the agriculturists.

Judgment, page 13

From the headnote

Income Tax Act, 1961 : Section 80-P(2)(a)(iii)-Deduction claimed by a cooperative society engaged in marketing agricultural produce of its members allowable under Section 80-P(2)(a)(iii)-Types of societies entitled to such deduction-Held, even an apex society is entitled to such deduction i11 respect ;if profits earned 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 members alone- It also extends to agricultural produce raised by others but belonging to cooperative societies-Cooperative Societies.

Where later benches applied it

Of those, 1 relied on · 1 referred to

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