Sections 122 (5) and 177 will be amended to appeal the tax on the income of the cooperative housing society. The Society is created with the intention of providing benefits to its members without any benefit to the members. The profits earned were used to run the society and promote the general welfare of its members. That the Co-operative Society was an association in which the members present themselves as a class. That no purpose of making a profit is not created in any way and that no one can be called a beneficiary and does not fall under the definition of a "trading organization" and that the cooperative society already has transfer fees and other charges. Is paying tax on income derived from. The tribunal vacated the First Appellate Authority's order, and the officer reviewing the case was remanded to review the matter which, after having had a chance to be heard and heard, passed a legal and speaking order. \ r \ n