https://www.taxtmi.com/caselaws?id=24407 Section 10(29) exemption is confined to an authority constituted under a law for marketing commodities, such as a statutory warehousing corporation. A company incorporated under the Companies Act does not qualify as such an authority, and the exemption cannot be extended merely because it derives rental income from godowns used for storage or warehousing. On that reasoning, a private limited company letting a godown to the Food Corporation of India was held not entitled to the deduction, and the issue was answered in favour of the Revenue. en-us Thu, 03 Nov 1988 00:00:00 +0530 Tue, 19 Jan 2010 17:19:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24407 Section 10(29) exemption is confined to an authority constituted under a law for marketing commodities, such as a statutory warehousing corporation. A company incorporated under the Companies Act does not qualify as such an authority, and the exemption cannot be extended merely because it derives rental income from godowns used for storage or warehousing. On that reasoning, a private limited company letting a godown to the Food Corporation of India was held not entitled to the deduction, and the issue was answered in favour of the Revenue. Case-Laws Income Tax Thu, 03 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24407