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2008 (10) TMI 371 - PUNJAB AND HARYANA HIGH COURTIncome from business or property - rental income from warehouses - derived by the appellant from procurement of wheat and paddy as agent of Food Corporation of India/Government is exempt under sec-tion 10(29) of the Act - common expenses incurred by the appellant - Held that: - letting out of premises and of rent was a part of business, the income will be business income - In present case the income is business income - appeal is dismissed
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