Commnr. Of Income Tax, Jaipur vs Rajasthan Rajya Bunkar S. Samiti Ltd

The Supreme Court addressed the applicability of Section 80P(2)(a)(ii) and Section 80P(2)(a)(vi) of the Income Tax Act, 1961, concerning the entitlement of an Apex Society to claim deductions for manufacturing cloth. The Court held that the Assessing Officer failed to examine the Bye-laws of the Society, which are crucial for determining whether the weavers could be considered members of the Apex Society. The Court decided not to interfere with the lower courts' findings for the relevant assessment years but allowed the Department to reassess future claims based on the Bye-laws and the Janata Scheme.