Udaipur Sahkari Upbokta Thok Bhander Ld vs Commr.Of Income Tax

The Supreme Court interpreted Section 80P(2)(e) of the Income-tax Act, 1961, determining that the appellant, a co-operative society, qualifies for tax exemption as it operates under the control of the State Government in distributing controlled commodities. The Court held that the society's activities, including storage and distribution of essential goods, fall within the ambit of cooperative activities as defined under the Act, thus entitling it to the benefits provided therein. The appeal was allowed, affirming the society's entitlement to the exemption.