Expression Marketing under section 80P(2)(a)(iii) includes processing

RELEVANT PARAGRAPH According to plain reading of Section 80P(2)(a)(iii) , if a Cooperative Society earns income from marketing of the agricultural produce grown by its members, the deduction in respect of the profits and gains of business which are attributable to that marketing activity would be available under this provision. The main point that needs deliberation is the scope and ambit of the expression “marketing ” occurring in sub -clause (iii) of Section 80P(2)(a) of the 1961 Act. The expression „marketing . has been used in its wide import and it generally means „the per...