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2009 (12) TMI 274 - KARNATAKA HIGH COURTCo-operative Society- Deduction u/s 80P- The assessee was a co-operative institution registered to promote agricultuaral activities to give benefit to the farmers who were its members. The Assessing officer having noticed that the assessee was also getting income from hiring its lorry disallowed deduction on the ground that it di not fall under section 80P(2)(a)(iv). The Tribunal held that the income from hiring its lorry was entitled to special deduction on the ground that the assessee was not engaged in the marketing of agricultural produce for the benefit of its member. Held that- it was not in dispute that the assesee was engaged in the marketing of agricultural produce of its members. Even if the Assessing Officer was of the opinion that the case of the assessee did not fall under section 80P(2)(a)(iv) since it fell under section 80(2)(a)(iii) the assessee was entitled to special deduction.
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