Supreme Court Clarifies “Local Authority” Definition under Section 10(20) of the Income Tax Act: NOIDA vs. CCIT (2018)

/ A.K. Sikri, Ashok Bhushan, Constitutional Law, Constitutional Law with Article 243P, Constitutional Law with Article 243Q, Income Tax Act, 1961, Income Tax Act, 1961 with Section 10(20), Income Tax Act, 1961 with Section 10(20A), Judges

Supreme Court Clarifies “Local Authority” Definition under Section 10(20) of the Income Tax Act: NOIDA vs. CCIT (2018) Date of the Judgment: July 2, 2018 Citation: (2018) INSC 600 Judges: A.K. Sikri, J., Ashok Bhushan, J. Can an industrial development authority, performing municipal functions, be considered a ‘local authority’ for income tax exemption? The Supreme […]

Supreme Court Clarifies “Local Authority” Definition under Section 10(20) of the Income Tax Act: NOIDA vs. CCIT (2018) Read Post »