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1976 (3) TMI 83 - AT - Income TaxExtract: .......m returns. That was the only was in which under the circumstances the commercial asset could be exploited by them. We will, therefore, hold on the authority of the Supreme Court decision quoted last (33 ITR 700) that the assessee in letting out the godowns is doing business and the income is assessable as business income. 13. The appeal is allowed.
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