https://www.taxtmi.com/caselaws?id=36639 A State Warehousing Corporation was treated as an authority constituted for the marketing of commodities because its statutory functions included warehousing, storage, transport, and agency for purchase, sale, storage and distribution. On that basis, income from letting godowns or warehouses qualified for exclusion under section 10(29), and the broader warehousing statute did not displace that specific tax relief. The corporation's contribution to the employees' provident fund was also allowable as business expenditure under section 37(1) because it was laid out wholly and exclusively for the purposes of the business, even though it did not fall within section 36(1)(iv). en-us Wed, 09 Jul 1980 00:00:00 +0530 Tue, 23 Mar 2010 15:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36639 A State Warehousing Corporation was treated as an authority constituted for the marketing of commodities because its statutory functions included warehousing, storage, transport, and agency for purchase, sale, storage and distribution. On that basis, income from letting godowns or warehouses qualified for exclusion under section 10(29), and the broader warehousing statute did not displace that specific tax relief. The corporation's contribution to the employees' provident fund was also allowable as business expenditure under section 37(1) because it was laid out wholly and exclusively for the purposes of the business, even though it did not fall within section 36(1)(iv). Case-Laws Income Tax Wed, 09 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36639