https://www.taxtmi.com/caselaws?id=70718 The Tribunal upheld the department's appeal, ruling that income derived from letting out premises to shopkeepers did not qualify for exemption under section 80P(2)(e) of the Income-tax Act, 1961. The Tribunal emphasized that the exemption provision applies specifically to income from letting of godowns or warehouses used for storage, processing, or facilitating the marketing of relevant commodities. The premises let out to shopkeepers, primarily serving as retail spaces, did not meet the requirement of being used solely for storage of commodities. Therefore, the exemption claim for income from letting out premises to shopkeepers was disallowed. en-us Thu, 05 Apr 1984 00:00:00 +0530 Mon, 18 Apr 2011 17:33:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70718 The Tribunal upheld the department's appeal, ruling that income derived from letting out premises to shopkeepers did not qualify for exemption under section 80P(2)(e) of the Income-tax Act, 1961. The Tribunal emphasized that the exemption provision applies specifically to income from letting of godowns or warehouses used for storage, processing, or facilitating the marketing of relevant commodities. The premises let out to shopkeepers, primarily serving as retail spaces, did not meet the requirement of being used solely for storage of commodities. Therefore, the exemption claim for income from letting out premises to shopkeepers was disallowed. Case-Laws Income Tax Thu, 05 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70718