Tax exemption for designated body: income and other taxes not payable, overriding income-tax enactments by statute. Section 50A provides that, notwithstanding the Income-tax Act or any other enactment relating to tax on income, the Authority shall not be liable to pay income-tax or any other tax in respect of its income, profits or gains; the provision was inserted by amendment in 2019.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemption for designated body: income and other taxes not payable, overriding income-tax enactments by statute.
Section 50A provides that, notwithstanding the Income-tax Act or any other enactment relating to tax on income, the Authority shall not be liable to pay income-tax or any other tax in respect of its income, profits or gains; the provision was inserted by amendment in 2019.
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