Receipt of warehousing charges taxable as business income

Chhattisgarh State Warehousing Corporation Vs ACIT (ITAT Raipur) ITAT Raipur held that warehousing charges received by the assessee is taxable under the head ‘Income from Business’ and not under the head ‘Income from house property’. Facts- During the course of the assessment proceedings, it was observed by the A.O that the assessee company derived income from rendering various services to the persons who store their goods in warehouses. It was observed by the A.O that the warehousing charges were fixed by the assessee company as per the directions of the Central Ware Housing Corporati...