Warehousing corporation exemption: rental income from godowns used for storage, processing or marketing facilitation is tax exempt. The Board declares that income derived by any warehousing corporation from letting of godowns or warehouses for storage, processing or facilitating the marketing of commodities is exempt under section 10(29), and Commissioners of Income tax should concede or withdraw pending appeals accordingly.
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Warehousing corporation exemption: rental income from godowns used for storage, processing or marketing facilitation is tax exempt.
The Board declares that income derived by any warehousing corporation from letting of godowns or warehouses for storage, processing or facilitating the marketing of commodities is exempt under section 10(29), and Commissioners of Income tax should concede or withdraw pending appeals accordingly.
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