https://www.taxtmi.com/caselaws?id=38394 A statutory warehousing corporation created under the Warehousing Corporations Act, 1962 may qualify as an authority constituted for the marketing of commodities where its functions include purchase, sale, storage and distribution of agricultural produce and notified commodities. The deeming provision treating the corporation as a company for income-tax purposes does not negate its character as an authority for exemption purposes under section 10(29) of the Income-tax Act, 1961. On that basis, income from letting of godowns and warehouses was treated as eligible for exemption. en-us Wed, 22 Dec 1976 00:00:00 +0530 Tue, 06 Apr 2010 10:15:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38394 A statutory warehousing corporation created under the Warehousing Corporations Act, 1962 may qualify as an authority constituted for the marketing of commodities where its functions include purchase, sale, storage and distribution of agricultural produce and notified commodities. The deeming provision treating the corporation as a company for income-tax purposes does not negate its character as an authority for exemption purposes under section 10(29) of the Income-tax Act, 1961. On that basis, income from letting of godowns and warehouses was treated as eligible for exemption. Case-Laws Income Tax Wed, 22 Dec 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38394