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2015 (2) TMI 859 - HC - Income TaxExemption under Section 10(29) denied - letting of godowns or warehouses - incomes from supervision charges, fumigation activities and weigh bridge receipts - Held that:- When once goods are stored in the warehouses, it is the duty of the warehousing authorities to ensure that no damage or loss is caused to the same. Therefore, the warehousing authorities maintain security for supervision of the warehouses and the goods therein. Similarly, maintaining weigh bridge is essential for the purpose of carrying on warehousing business. Likewise, for proper maintenance of the goods from pests, fumigation is also essential. Therefore, all the three activities, referred supra, are integral part of the business of warehousing and hence, they would squarely fall within the ambit of Section 10(29) of the Act and are eligible for grant of exemption. Tribunal without understanding the nature of the warehousing business, on an erroneous interpretation of the decision of the Supreme Court in Orissa State Warehousing Corporation / Rajasthan State Warehousing Corporation v. CIT [1999 (4) TMI 3 - SUPREME Court] has come to the conclusion that the above said three activities are not in relation to warehousing business. - Decided in favour of the assessee
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