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    <title>Indian Port Trusts Assessed as &#039;Local Authority&#039;, Not &#039;Company&#039;; Reassessment Proceedings Quashed.</title>
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    <description>Major port trusts in India had given confirmation to the assessee port trust that they are being assessed only as a ‘local authority’ and not in the status of a ‘company’ under the Income Tax Act - reassessment proceedings quashed - AT</description>
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