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<h1>Supreme Court Grants Appeals, Parties Bear Costs. Pending Applications Disposed.</h1> The Supreme Court allowed the appeals, granted leave, and parties will bear their own costs. Pending applications were disposed of. - TMI Assessee upheld to be local authority - exemption from income tax to the local authority - whether Appellant is not a ‘local authority’ as contemplated u/s 10(20)? - Held that:- Delay condoned. Leave granted. The appeals are allowed in terms of the signed reportable judgment. Parties shall bear their own costs. The Supreme Court allowed the appeals, granted leave, and parties will bear their own costs. Pending applications were disposed of.
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