Exemption from tax on wealth and income
Section 49 of the Warehousing (Development and Regulation) Act, 2007 deals with exemption from tax on wealth and income. Notwithstanding anything contained in the Wealth-tax Act, 1957 (27 of 1957), the Income-tax Act, 1961 (43 of 1961) or any other enactment for the time being in force relating to tax on wealth, income, profits or gains, the Authority shall not be liable to pay wealth-tax, income-tax or any other tax The Act came into force on 25 Oct 2010.
Notwithstanding anything contained in the Wealth-tax Act, 1957 (27 of 1957), the Income-tax Act, 1961 (43 of 1961) or any other enactment for the time being in force relating to tax on wealth, income, profits or gains, the Authority shall not be liable to pay wealth-tax, income-tax or any other tax in respect of their wealth, income, profits or gains derived.
Section 49, The Warehousing (Development and Regulation) Act, 2007 (Act 37 of 2007).
Questions about Section 49
What does Section 49 of the Warehousing (Development and Regulation) Act deal with?
Section 49 of the Warehousing (Development and Regulation) Act is headed "Exemption from tax on wealth and income". Notwithstanding anything contained in the Wealth-tax Act, 1957 (27 of 1957), the Income-tax Act, 1961 (43 of 1961) or any other enactment for the time being in force relating to tax on wealth, income, profits or gains, the Authority shall not be liable to pay wealth-tax, income-tax or any other tax
How do I find court cases under Section 49 of the Warehousing (Development and Regulation) Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Warehousing (Development and Regulation) Act 49, section 49 Warehousing (Development and Regulation) Act, section 49 of the Warehousing (Development and Regulation) Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When did Section 49 of the Warehousing (Development and Regulation) Act come into force?
Section 49 of the Warehousing (Development and Regulation) Act, cited as Warehousing (Development and Regulation) Act 49, came into force on 25 Oct 2010, having been enacted on 19 Sep 2007. It is in force as at the date shown on this page.
Other sections of this Act
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 18 Oct 2026. This page is not a substitute for legal advice.