https://www.taxtmi.com/caselaws?id=35784 The High Court held that income derived by the corporation from handling goods and interest from banks did not qualify for exemption under section 10(29) of the Income-tax Act, 1961. The court emphasized that only income directly related to letting of godowns or warehouses for specified purposes is exempt under this provision. The Tribunal's decision to deny exemption for commission charges and interest income was upheld. Each party was ordered to bear their own costs. Judges G. G. SOHANI and R. K. VIJAYVARGIYA delivered the judgment. en-us Wed, 28 Jan 1981 00:00:00 +0530 Tue, 16 Mar 2010 16:05:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35784 The High Court held that income derived by the corporation from handling goods and interest from banks did not qualify for exemption under section 10(29) of the Income-tax Act, 1961. The court emphasized that only income directly related to letting of godowns or warehouses for specified purposes is exempt under this provision. The Tribunal's decision to deny exemption for commission charges and interest income was upheld. Each party was ordered to bear their own costs. Judges G. G. SOHANI and R. K. VIJAYVARGIYA delivered the judgment. Case-Laws Income Tax Wed, 28 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35784