https://www.taxtmi.com/caselaws?id=245134 Section 10(29) exempts only income derived from letting godowns or warehouses for storage, processing, or facilitating marketing of commodities. Read with the statutory functions of a State Warehousing Corporation, the controlling test is whether each receipt has a direct nexus with warehousing activity. Warehousing charges, supervision charges, fumigation charges, weigh bridge receipts, sale of tender forms, and interest on belated refund of advances were treated as incidental to that function and within the exemption. Income from house property, bank deposits, staff loans and advances, fixed deposits, and dividend income was treated as unrelated to the statutory warehousing activity and outside the exemption. en-us Tue, 11 Mar 2014 00:00:00 +0530 Fri, 06 Jun 2014 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245134 Section 10(29) exempts only income derived from letting godowns or warehouses for storage, processing, or facilitating marketing of commodities. Read with the statutory functions of a State Warehousing Corporation, the controlling test is whether each receipt has a direct nexus with warehousing activity. Warehousing charges, supervision charges, fumigation charges, weigh bridge receipts, sale of tender forms, and interest on belated refund of advances were treated as incidental to that function and within the exemption. Income from house property, bank deposits, staff loans and advances, fixed deposits, and dividend income was treated as unrelated to the statutory warehousing activity and outside the exemption. Case-Laws Income Tax Tue, 11 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245134