1997 (1) TMI 7 - SUPREME COURT

U.P. Co-operative Cane Union Federation Ltd. is a co-operative society - members of the Federation are cane unions and the members of these cane unions are individual cane growers - Federation received Rs. 55,098 as five per cent service charges from the supplier of the pumping sets - held that assessee is not entitled to exemption u/s 80P(2)(a)(i), for income from press and income from supply of pumping sets