https://www.taxtmi.com/caselaws?id=21893 Income derived by an authority constituted for marketing commodities is exempt under section 10(29) only when it arises from letting godowns or warehouses for storage, processing, or facilitating commodity marketing. On the facts noted, miscellaneous receipts were treated as rent-like warehousing receipts, and commission on procurement of wheat was part of a single integrated activity in which storage was the dominant element. The label attached to the receipts did not change their real character. The receipts therefore fell within section 10(29) and remained exempt from tax, and section 39 of the Warehousing Corporations Act, 1962 did not affect that result. en-us Thu, 28 Mar 1991 00:00:00 +0530 Wed, 02 Dec 2009 18:39:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21893 Income derived by an authority constituted for marketing commodities is exempt under section 10(29) only when it arises from letting godowns or warehouses for storage, processing, or facilitating commodity marketing. On the facts noted, miscellaneous receipts were treated as rent-like warehousing receipts, and commission on procurement of wheat was part of a single integrated activity in which storage was the dominant element. The label attached to the receipts did not change their real character. The receipts therefore fell within section 10(29) and remained exempt from tax, and section 39 of the Warehousing Corporations Act, 1962 did not affect that result. Case-Laws Income Tax Thu, 28 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21893