https://www.taxtmi.com/caselaws?id=5742 SC held that section 10(29) exempts only income directly derived from letting godowns/warehouses for storage, processing or facilitating marketing of commodities. Income from other purposes or sources, including interest on fixed deposits, does not fall within the exemption and cannot be treated as an incidental part of the exempt activity. The Court affirmed the restrictive, plain-language construction of the provision and rejected the integrated-activity argument. Appeals dismissed. en-us Thu, 01 Apr 1999 00:00:00 +0530 Thu, 09 Oct 2025 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5742 SC held that section 10(29) exempts only income directly derived from letting godowns/warehouses for storage, processing or facilitating marketing of commodities. Income from other purposes or sources, including interest on fixed deposits, does not fall within the exemption and cannot be treated as an incidental part of the exempt activity. The Court affirmed the restrictive, plain-language construction of the provision and rejected the integrated-activity argument. Appeals dismissed. Case-Laws Income Tax Thu, 01 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5742