https://www.taxtmi.com/caselaws?id=212879 The court ruled against the appellant-committees, holding that they are not entitled to the exemption under Section 10(20) of the Income Tax Act as they do not meet the definition of "local authority." The imposition of interest under Sections 234A and 234B was upheld due to the denial of the exemption claim. The court affirmed the decisions of the lower authorities and the Tribunal, ultimately ruling in favor of the Revenue. en-us Thu, 19 Apr 2012 00:00:00 +0530 Fri, 27 Apr 2012 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212879 The court ruled against the appellant-committees, holding that they are not entitled to the exemption under Section 10(20) of the Income Tax Act as they do not meet the definition of "local authority." The imposition of interest under Sections 234A and 234B was upheld due to the denial of the exemption claim. The court affirmed the decisions of the lower authorities and the Tribunal, ultimately ruling in favor of the Revenue. Case-Laws Income Tax Thu, 19 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212879