https://www.taxtmi.com/caselaws?id=206815 The court held that U.P. Jal Nigam does not qualify as a "local authority" under Section 10(20) of the Income Tax Act, 1961, and is not entitled to exemption. Additionally, the court ruled that U.P. Jal Nigam cannot claim exemption under Article 289 of the Constitution. The case was remanded to the Tribunal to assess the applicability of Section 36(1)(xii) of the Income Tax Act concerning the non-exempt wings of U.P. Jal Nigam. The decision favored the Revenue partially and the Assessee partially. en-us Thu, 22 Sep 2011 00:00:00 +0530 Wed, 12 Dec 2012 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206815 The court held that U.P. Jal Nigam does not qualify as a "local authority" under Section 10(20) of the Income Tax Act, 1961, and is not entitled to exemption. Additionally, the court ruled that U.P. Jal Nigam cannot claim exemption under Article 289 of the Constitution. The case was remanded to the Tribunal to assess the applicability of Section 36(1)(xii) of the Income Tax Act concerning the non-exempt wings of U.P. Jal Nigam. The decision favored the Revenue partially and the Assessee partially. Case-Laws Income Tax Thu, 22 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206815