https://www.taxtmi.com/caselaws?id=5507 A statutory road transport corporation is not a "local authority" for income-tax exemption purposes unless it has the essential features of a municipal-type body, including legal independence, some element of popular representation, and functions analogous to municipal administration. A corporation constituted only to provide transport services, with powers confined to internal administration and employee service conditions, lacks those attributes. It therefore does not fall within the definition of "local authority" in the Income-tax Act and cannot claim exemption under section 10(20). en-us Thu, 29 Feb 1996 00:00:00 +0530 Tue, 22 Sep 2015 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5507 A statutory road transport corporation is not a "local authority" for income-tax exemption purposes unless it has the essential features of a municipal-type body, including legal independence, some element of popular representation, and functions analogous to municipal administration. A corporation constituted only to provide transport services, with powers confined to internal administration and employee service conditions, lacks those attributes. It therefore does not fall within the definition of "local authority" in the Income-tax Act and cannot claim exemption under section 10(20). Case-Laws Income Tax Thu, 29 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5507