https://www.taxtmi.com/caselaws?id=204321 A body qualifies as a "local authority" for exemption under Section 10(20) of the Income-tax Act only if it has the essential attributes of municipal self-government, including an electoral character, performance of civic or municipal functions, and power to levy and control a local fund through taxes, rates, charges or fees. The Himachal Pradesh Marketing Board failed these tests because it was a nominated body, lacked electoral character, did not itself perform municipal functions, and had no power to levy or collect such charges. Earlier assessment treatment did not bind the Revenue, as income-tax proceedings are not governed by strict res judicata and the legal character of the body could be reconsidered. en-us Fri, 24 Jun 2011 00:00:00 +0530 Thu, 14 Jul 2011 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204321 A body qualifies as a "local authority" for exemption under Section 10(20) of the Income-tax Act only if it has the essential attributes of municipal self-government, including an electoral character, performance of civic or municipal functions, and power to levy and control a local fund through taxes, rates, charges or fees. The Himachal Pradesh Marketing Board failed these tests because it was a nominated body, lacked electoral character, did not itself perform municipal functions, and had no power to levy or collect such charges. Earlier assessment treatment did not bind the Revenue, as income-tax proceedings are not governed by strict res judicata and the legal character of the body could be reconsidered. Case-Laws Income Tax Fri, 24 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204321