M/S CO-OPERATIVE CANE DEVELOPMENT UNION LTD.,LAKHIMPUR-KHERI vs. INCOME TAX OFFICER-I, LAKHIMPUR -KHERI

In the result, all three appeals are partly allowed

L. T.\nAct so as to include income from sources other than the actual conduct of the\nbusiness of the Society and thus Interest Income from F.D.R.'s and Saving Bank\nAccounts is attributable to the business of providing credit facilities and\nmarketing the agriculture produce of members.\n6. The addition made is highly excessive, contrary to the facts