https://www.taxtmi.com/caselaws?id=327589 NOIDA qualifies as a corporation established by the Uttar Pradesh Industrial Area Development Act, 1976 because the statute itself creates the Authority and governs its composition, objects, powers, funds, accounts, control, and dissolution. The controlling distinction is between a corporation established by an Act and a body merely constituted or incorporated under an Act; here, the Act is the source of the Authority's existence and powers, so the exemption under section 194-A(3)(iii)(f) of the Income-tax Act applies. The result is entitlement to exemption from tax deduction at source. en-us Mon, 04 Apr 2016 00:00:00 +0530 Thu, 17 Nov 2016 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327589 NOIDA qualifies as a corporation established by the Uttar Pradesh Industrial Area Development Act, 1976 because the statute itself creates the Authority and governs its composition, objects, powers, funds, accounts, control, and dissolution. The controlling distinction is between a corporation established by an Act and a body merely constituted or incorporated under an Act; here, the Act is the source of the Authority's existence and powers, so the exemption under section 194-A(3)(iii)(f) of the Income-tax Act applies. The result is entitlement to exemption from tax deduction at source. Case-Laws Income Tax Mon, 04 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327589