Income Tax Appellate Tribunal Itat Jaipur Court April 1981 Judgments Home Cases Income Tax Appellate Tribunal Itat Jaipur 1981 Page 1 of about 1 results (0.023 seconds)

Rajasthan State Warehousing Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Jaipur

Reported in : (1982)2ITD86(JP.)

1. This is an appeal by the assessee, a Government undertaking, relating to the assessment year 1976-77 against the order of the Commissioner (Appeals).2. The said Government undertaking was constituted for the purpose of building and maintaining godowns and warehouses in the State of Rajasthan with a view to provide facilities for storage of agricultural produce. Besides this activity, the assessee undertook the work of procurement of grains on behalf of the State Government and the Food Corporation of India ('the FCP) and derived income from such activity also during the year under appeal. The assessee also derived income from interest, supervision charges, fumigation service charges and miscellaneous items. From perusal of the profit and loss account (see page 21 of the annual report and statement of accounts of the assessee, pertaining to the assessment year 1975-76, included on page 23 of the paper book), it appears that the assessee derived the following incomes during the year ...