https://www.taxtmi.com/caselaws?id=25725 The High Court of Rajasthan ruled in favor of the assessee corporation, affirming that it qualifies as an authority constituted under the Warehousing Corporations Act for marketing commodities. The income from letting of godowns and warehouses was held to be exempt from tax under section 10(29) of the Income-tax Act. The Court highlighted that bodies constituted under law for marketing commodities are considered authorities under the provision, in line with decisions from various High Courts. The Revenue's reliance on Calcutta High Court decisions was deemed distinguishable, leading to a decision in favor of the assessee. en-us Fri, 11 Apr 1986 00:00:00 +0530 Sat, 30 Jan 2010 14:50:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25725 The High Court of Rajasthan ruled in favor of the assessee corporation, affirming that it qualifies as an authority constituted under the Warehousing Corporations Act for marketing commodities. The income from letting of godowns and warehouses was held to be exempt from tax under section 10(29) of the Income-tax Act. The Court highlighted that bodies constituted under law for marketing commodities are considered authorities under the provision, in line with decisions from various High Courts. The Revenue's reliance on Calcutta High Court decisions was deemed distinguishable, leading to a decision in favor of the assessee. Case-Laws Income Tax Fri, 11 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25725