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2008 (9) TMI 2 - SUPREME COURTClaim of deduction under Section 80P (2)(a)(i) – AO rejected the claim on the ground that the income reflected by the assessee, cooperative society can neither be attributed to actual labour of the members nor can be treated as arising out of collective disposal of its labour - High Court failed to notice that the profit earned by the Society in executing the work was retained by the members themselves – decision of HC is raising confusion – matter remanded to HC
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