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1960 (8) TMI 2 - SC - Income TaxWhether the exemption granted by the notification covers the case? Held that:- Once there is this extension of the business of a co-operative society, the general words of the notification include the profits from such business within the exemption, and it would require more than a supposed underlying intention to negative the exemption. To gather the meaning of the notification in the light of an alleged intention is to reverse the well-known canon of interpretation. In our opinion, the profits were exempt under the notification, and the answer to the question ought to have been in the affirmative.Appeal allowed.
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