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2016 (12) TMI 751 - AT - Income TaxWarehousing Receipts - nature of income - income from business OR Income from House property - Held that:- The issue is squarely by earlier order of Tribunal in the case of M/s. Jaibhavani Warehousing Co. v. ITO (2016 (10) TMI 1005 - ITAT PUNE) and erstwhile partner Mr. Ramdas T Khutwad and following the same parity of reasoning, it is held that the income is assessable in the hands of assessee as 'Income from business'. - Decided in favour of assessee
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