The assessee s and the Federation s have entered into an Agreement which governs companyditions of processing, ginning and pressing of companyton, fixation of processing rates and godown rent.
In this batch of civil appeals, the assessee s is engaged in ginning and pressing of companyton for State Cooperative Cotton Market Federation Federation s , for short.
The assessee s receives income by way of ginning and pressing charges.
Heard learned companynsel on both sides.
