Warehousing corporation is not exempt u/s 10(29).

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..... ation is not exempt under section 10(29) are that such corporation is not "an authority constituted under any law for the time being in force" and does not have the function of "the marketing of commodities". The view so far held is that provision of facilities for storage, grading, distribution, collection and delivery of goods and activities connected therewith would not constitute "marketing" w .....

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..... ation (I.T. Reference Nos.46, 249 of 1975 decided on December 22, 1976), after following the Allahabad High Court decision held that such corporation was an authority and that such authority had been constituted for the marketing of commodities within the meaning of section 10(29). On the advice of the Learned Solicitor General of India the decision of the Court has been accepted. The Board are ad .....

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