https://www.taxtmi.com/caselaws?id=70835 A statutory corporation was held not to be a local authority because it lacked a defined local area, elected representation, real autonomy, municipal functions, and compulsory exaction powers, so section 10(20) relief was unavailable. It also did not qualify as an authority constituted for housing accommodation or for planning, development or improvement of cities, towns or villages, because its principal object was to complete irrigation and hydro-electric projects and any rehabilitation work was only incidental, so section 10(20A) did not apply. The corporation was further treated as a separate juristic entity, not the State or an instrumentality immune from tax under Article 289. It was not entitled to section 11 exemption because it was not created by trust deed and lacked the required registration. en-us Fri, 28 Feb 2003 00:00:00 +0530 Tue, 19 Apr 2011 15:20:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70835 A statutory corporation was held not to be a local authority because it lacked a defined local area, elected representation, real autonomy, municipal functions, and compulsory exaction powers, so section 10(20) relief was unavailable. It also did not qualify as an authority constituted for housing accommodation or for planning, development or improvement of cities, towns or villages, because its principal object was to complete irrigation and hydro-electric projects and any rehabilitation work was only incidental, so section 10(20A) did not apply. The corporation was further treated as a separate juristic entity, not the State or an instrumentality immune from tax under Article 289. It was not entitled to section 11 exemption because it was not created by trust deed and lacked the required registration. Case-Laws Income Tax Fri, 28 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70835