https://www.taxtmi.com/caselaws?id=69915 The Tribunal upheld the CIT(A)'s decision to treat warehousing income as business income, not property income. The Revenue's appeals, based on a comparison to property income, were dismissed. The Tribunal emphasized the provision of specialized services along with storage, aligning with legal precedents that such activities constitute income from business. The decision highlighted the distinction between property letting and entrusting goods for storage, affirming that the income source was the business activities of the assessee. The judgment underscored the significance of services provided in determining the nature of income derived from warehousing operations. en-us Fri, 25 Apr 2008 00:00:00 +0530 Wed, 12 Jun 2013 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69915 The Tribunal upheld the CIT(A)'s decision to treat warehousing income as business income, not property income. The Revenue's appeals, based on a comparison to property income, were dismissed. The Tribunal emphasized the provision of specialized services along with storage, aligning with legal precedents that such activities constitute income from business. The decision highlighted the distinction between property letting and entrusting goods for storage, affirming that the income source was the business activities of the assessee. The judgment underscored the significance of services provided in determining the nature of income derived from warehousing operations. Case-Laws Income Tax Fri, 25 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69915