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TMI Blog2022 (4) TMI 380X X X X Extracts X X X X X X X X Extracts X X X X ..... d rent. However, the activities in which the assessee is engaged is not coming out of the records. Clause a to f relates to various types of cooperative societies on the basis of their working and against which there is exemption of various classes of income. Therefore, we deem it appropriate to remit the matter back to AO who after verifying the nature of activities of the assessee will reexamine ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tation of fertilizers ₹ 12,223,11/- 80P(2)(a)(iv) of the Act. The ld. CIT(A) has erred and acted illegally in confirming the same. 2. The ld. AR at the outset submitted that assessee is a Cooperative society the income of which is exempt u/s. 80P of the Act and during the year under consideration the gross income received by the assessee included rent from godowns and receipt from ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ome and therefore the assessee cannot claim the exemption under sub clause (4) of clause (a) as well as clause (e) and (f). It was submitted that it is not coming from record as to in which class the activities of society fell and therefore it was prayed that the matter may be set aside to Assessing Officer for allowing the claim of the assessee after verifying the category in which the assessee f ..... X X X X Extracts X X X X X X X X Extracts X X X X
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