https://www.taxtmi.com/caselaws?id=7964 The exemption under section 14(3)(iv) of the Income-tax Act, 1922 and section 81(iv) of the Income-tax Act, 1961 is confined to income derived from letting of godowns or warehouses, where the letting is for storage, processing, or facilitating the marketing of commodities. The words "storage, processing or facilitating the marketing of commodities" describe the permitted purposes of letting and do not create separate, independent exemption heads for income from processing or marketing facilitation itself. The construction was supported by the corresponding language in section 83 and the legislative history of the provision, which showed that "processing" would otherwise be redundant. en-us Wed, 09 Sep 1970 00:00:00 +0530 Thu, 26 Mar 2009 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7964 The exemption under section 14(3)(iv) of the Income-tax Act, 1922 and section 81(iv) of the Income-tax Act, 1961 is confined to income derived from letting of godowns or warehouses, where the letting is for storage, processing, or facilitating the marketing of commodities. The words "storage, processing or facilitating the marketing of commodities" describe the permitted purposes of letting and do not create separate, independent exemption heads for income from processing or marketing facilitation itself. The construction was supported by the corresponding language in section 83 and the legislative history of the provision, which showed that "processing" would otherwise be redundant. Case-Laws Income Tax Wed, 09 Sep 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7964