Rebate allowed to members by consumer co-operative stores - Whether allowable as business deduction

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..... lowed to members by consumer co-operative stores - Whether allowable as business deduction 1. Iam directed to say that an instance has come to the notice of the Board wherein the Income-tax Officer i .....

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..... value of the purchases made by them during a year should be allowed as a deduction in computing the business income of such a society. Circular : No. 117 [F. No. 201/5/73-IT(A-II)], dated 22-8-1973. .....

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