Income Tax Act, 1961 with Section 10(20)

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 »

Supreme Court Upholds TDS on Lease Rent, Clarifies “Local Authority” Status: Noida vs. CIT (2018)

/ A.K. Sikri, Ashok Bhushan, Constitutional Law, Constitutional Law with Article 243Q, Income Tax Act, 1961, Income Tax Act, 1961 with Section 10(20), Income Tax Act, 1961 with Section 194-I, Income Tax Act, 1961 with Section 194A(3)(iii)(f), Judges

Supreme Court Upholds TDS on Lease Rent, Clarifies “Local Authority” Status: Noida vs. CIT (2018) LEGAL ISSUE: Whether NOIDA and Greater NOIDA are “local authorities” under Section 10(20) of the Income Tax Act, 1961, and whether tax is deductible at source (TDS) on lease rent payments made to them. CASE TYPE: Income Tax Law Case

Supreme Court Upholds TDS on Lease Rent, Clarifies “Local Authority” Status: Noida vs. CIT (2018) Read Post »

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