Agricultural Market Committee qualifies as local authority under Income Tax Act

The High Court of Andhra Pradesh held that the Agricultural Market Committee, Cuddapah, qualifies as a local authority under section 10(20) of the Income Tax Act, 1961, entitling it to tax exemption. The court relied on precedent supporting the committee's classification as a local authority and ordered each party to bear their own costs.

---

---

The High Court of Andhra Pradesh ruled that the Agricultural Market Committee, Cuddapah, is considered a local authority under section 10(20) of the Income Tax Act, 1961, and is exempt from tax. The court based its decision on previous rulings affirming the committee's status as a local authority. The court directed the parties to bear their own costs.

---