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1980 (11) TMI 27 - HC - Income TaxExtract: .......g and selling of products of outsiders was exempt under s. 14(3)(i)(b) of the 1922 Act or s. 81(i)(b) of the 1961 Act and it was right in holding that the income derived by the assessee from running the business of manufacture and sale of products confined to its own members, was exempt under the said provisions. There will be no order as to costs.
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