https://www.taxtmi.com/caselaws?id=19898 Section 10(29) exempts only income derived from letting godowns or warehouses for storage, processing or facilitating the marketing of commodities; the qualifying words attach to that source of income and do not extend the exemption to separate business receipts. Procurement charges and bank interest were treated as arising from independent sources and therefore outside the exemption. Fumigation charges collected in the course of storing goods in the godowns were regarded as incidental to the warehousing activity and could qualify. Miscellaneous income was not analysed in sufficient detail and required fresh consideration. The document thus distinguishes direct warehousing income from ancillary or separate receipts for exemption purposes. en-us Wed, 01 Dec 1993 00:00:00 +0530 Tue, 10 Nov 2009 14:06:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19898 Section 10(29) exempts only income derived from letting godowns or warehouses for storage, processing or facilitating the marketing of commodities; the qualifying words attach to that source of income and do not extend the exemption to separate business receipts. Procurement charges and bank interest were treated as arising from independent sources and therefore outside the exemption. Fumigation charges collected in the course of storing goods in the godowns were regarded as incidental to the warehousing activity and could qualify. Miscellaneous income was not analysed in sufficient detail and required fresh consideration. The document thus distinguishes direct warehousing income from ancillary or separate receipts for exemption purposes. Case-Laws Income Tax Wed, 01 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19898