https://www.taxtmi.com/caselaws?id=216523 A development corporation acting under statutory authorisation, State control and supervision, and on behalf of the State was treated as an agent of the State Government, so its project receipts were not regarded as independent taxable income. The Tribunal also applied consistency, noting that a different tax treatment in earlier years could not stand without a material change in facts. A separate receipt described as remuneration from the State Government was treated differently from the project receipts and required fresh examination on allowability of related expenditure and taxability on merits. en-us Wed, 08 Aug 2012 00:00:00 +0530 Wed, 12 Sep 2012 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216523 A development corporation acting under statutory authorisation, State control and supervision, and on behalf of the State was treated as an agent of the State Government, so its project receipts were not regarded as independent taxable income. The Tribunal also applied consistency, noting that a different tax treatment in earlier years could not stand without a material change in facts. A separate receipt described as remuneration from the State Government was treated differently from the project receipts and required fresh examination on allowability of related expenditure and taxability on merits. Case-Laws Income Tax Wed, 08 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216523