https://www.taxtmi.com/caselaws?id=64514 Exemption under section 10(29) was confined to income derived from letting of godowns or warehouses for storage, processing or facilitating marketing of commodities, so trading in wheat was treated as separate business income and not exempt. Interest receipts were tested on the actual net borrowing-lending position, and where no real income accrued, the addition was deleted. Supervision charges connected with handling, loading, unloading and transportation of stored stock were treated as incidental to warehousing and remained exempt. The questions on interest under section 234B and forfeiture of earnest money were restored for fresh examination, reflecting mixed relief on the related issues. en-us Wed, 19 Feb 1997 00:00:00 +0530 Tue, 08 Feb 2011 12:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64514 Exemption under section 10(29) was confined to income derived from letting of godowns or warehouses for storage, processing or facilitating marketing of commodities, so trading in wheat was treated as separate business income and not exempt. Interest receipts were tested on the actual net borrowing-lending position, and where no real income accrued, the addition was deleted. Supervision charges connected with handling, loading, unloading and transportation of stored stock were treated as incidental to warehousing and remained exempt. The questions on interest under section 234B and forfeiture of earnest money were restored for fresh examination, reflecting mixed relief on the related issues. Case-Laws Income Tax Wed, 19 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64514