https://www.taxtmi.com/caselaws?id=209312 The U.P. Jal Nigam was treated as a local authority for section 10(20) of the Income-tax Act, 1961, applying the unamended provision for assessment year 1980-81. The Court applied the R. C. Jain criteria and found that the Nigam's separate corporate status, independent rights and liabilities, statutory transfer of municipal water-supply and sewerage functions, deemed local fund, fee-levying powers, and control over water-supply and sewerage arrangements gave it the attributes of a local authority. On that basis, the income was exempt for the relevant year, and the contrary authority concerning the U.P. Forest Corporation was distinguished on facts. en-us Fri, 21 Jan 2011 00:00:00 +0530 Tue, 23 Jul 2013 13:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209312 The U.P. Jal Nigam was treated as a local authority for section 10(20) of the Income-tax Act, 1961, applying the unamended provision for assessment year 1980-81. The Court applied the R. C. Jain criteria and found that the Nigam's separate corporate status, independent rights and liabilities, statutory transfer of municipal water-supply and sewerage functions, deemed local fund, fee-levying powers, and control over water-supply and sewerage arrangements gave it the attributes of a local authority. On that basis, the income was exempt for the relevant year, and the contrary authority concerning the U.P. Forest Corporation was distinguished on facts. Case-Laws Income Tax Fri, 21 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209312