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2009 (4) TMI 46 - MADRAS HIGH COURTAssessing Officer held that clearing and forwarding activities is not a profession, but a business, and brought the assessee's income to tax accordingly - Division Bench in identical case, held that "The assistance rendered by the clearing and shipping agent to those who import or export by attending to the documentation and ensuring the clearance of goods, cannot be regarded as profession” – action of AO is justified - Supreme Court in the case of Cochin Shipping Co., vs. ESI Corporation (1992) 81 FJR 387 - Decided in favor of the revenue
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