https://www.taxtmi.com/news?id=942 Where a co-operative society's receipts arise from government-regulated procurement and mandatory resale under statutory distribution orders, and the contractual and factual matrix shows two linked sales with netting of issue and sale prices, the net receipts constitute commercial/trading income rather than remunerative storage charges, and therefore do not qualify for the deduction for income from letting godowns or warehouses. en-us Mon, 20 Jul 2009 01:54:16 +0530 Mon, 20 Jul 2009 01:54:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=942 Where a co-operative society's receipts arise from government-regulated procurement and mandatory resale under statutory distribution orders, and the contractual and factual matrix shows two linked sales with netting of issue and sale prices, the net receipts constitute commercial/trading income rather than remunerative storage charges, and therefore do not qualify for the deduction for income from letting godowns or warehouses. News - Mon, 20 Jul 2009 01:54:16 +0530 https://www.taxtmi.com/news?id=942