AIR 1948 PRIVY COUNCIL 74

Privy Council

(From Australia)

Hon'ble Judge(s): Lord Porter, Lord Simonds, Lord Uthwatt, Lord Normand, Lord Macdermott , JJJ

Income-Tax Act (11 of 1922) , S.2(1)— Case from Australia-Income-tax Management Act (New South Wales), (1941), S.19(o) - Co-operation Act (New South Wales, (1923-1941) -'Agricultural products'-Butter made by factories from cream sold to them by farmers is not agricultural product-Rural Society selling such butter is not exempt from income-tax. (P.56712) (Para 5 6 7 12)