Treatment To Be Given To Income From Warehousing Business

RELEVANT PARAGRAPHS:

4.2 In the case of CIT vs. National Storage Pvt. Ltd. reported in 66 ITR 596, the Hon’ble Apex Court has held:

“In our view, the High Court was right in holding that the assessee was carrying on an adventure or concern in the nature of trade. The assessee not only constructed vaults of special design and special doors and electric fitting, but it also rendered other services to the vault-holder

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