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TMI Blog2011 (2) TMI 139X X X X Extracts X X X X X X X X Extracts X X X X ..... , Advocate for the respondent. ADARSH KUMAR GOEL, J. This appeal has been preferred by the revenue under Section 260-A of the Income Tax Act, 1961 (for short, "the Act") against the order of the Income Tax Appellate Tribunal, Chandigarh in I.T.A. No.53/Chandi/2009 for the assessment year 2002-03 proposing to raise following substantial questions of law:- "(a) Whether on the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 82,220/- claimed exempt under section 10(29), is income received from the FCI for the storage of food grains and not a trading receipt as held by the Assessing Officer whereas the Hon'ble Punjab & Haryana High Court in assessee's own case in ITR No.120 of 1998 dated 06.09.2006 and ITR No.63 of 1998 dated 31.10.2006 has already decided that such an income is a trading receipt and hence not exempt u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ated from its stand of denying exemption u/s 10(29) of the Income Tax Act, 1961 to any income not being in the nature of "storage charges" since assessment year 1992-93 except for the fact that the nature of income of Rs.10,90,82,000/- was for the first time discovered after detailed enquiry that the same was not in the nature of "storage charges" and which was accordingly denied exemption u/s 10( ..... X X X X Extracts X X X X X X X X Extracts X X X X
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