https://www.taxtmi.com/caselaws?id=247050 The case involved an Agricultural Market Committee seeking exemption under section 10(20) of the Income Tax Act as a local authority despite changes introduced by the Finance Act, 2002. The Assessing Officer disallowed a specific amount, which was appealed to the CIT(A). The CIT(A) dismissed the appeal, but subsequent ITAT orders and a High Court decision supported the grant of registration under section 12A to Agricultural Market Committees. The ITAT allowed the appeals, directing the Assessing Officer to reconsider once registration under section 12A was granted, ultimately granting the assessee's appeals for exemption. en-us Wed, 16 Apr 2014 00:00:00 +0530 Wed, 30 Apr 2014 10:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247050 The case involved an Agricultural Market Committee seeking exemption under section 10(20) of the Income Tax Act as a local authority despite changes introduced by the Finance Act, 2002. The Assessing Officer disallowed a specific amount, which was appealed to the CIT(A). The CIT(A) dismissed the appeal, but subsequent ITAT orders and a High Court decision supported the grant of registration under section 12A to Agricultural Market Committees. The ITAT allowed the appeals, directing the Assessing Officer to reconsider once registration under section 12A was granted, ultimately granting the assessee's appeals for exemption. Case-Laws Income Tax Wed, 16 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247050