https://www.taxtmi.com/caselaws?id=187931 Properties vested in the International Airports Authority of India under the 1971 Act were held to belong to the Authority as a distinct statutory corporation, not to the Union of India. The Act created a separate legal entity with powers to acquire, hold and dispose of property, contract, maintain its own fund and bear tax liability on its income. Section 12 transferred airport properties to the Authority without limitation, and the scheme of the Act showed a divestment of Union ownership rather than a mere agency arrangement. As a result, the properties did not enjoy immunity under Article 285, and municipal property tax could validly be imposed. en-us Tue, 01 Aug 1995 00:00:00 +0530 Fri, 11 Nov 2016 18:15:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187931 Properties vested in the International Airports Authority of India under the 1971 Act were held to belong to the Authority as a distinct statutory corporation, not to the Union of India. The Act created a separate legal entity with powers to acquire, hold and dispose of property, contract, maintain its own fund and bear tax liability on its income. Section 12 transferred airport properties to the Authority without limitation, and the scheme of the Act showed a divestment of Union ownership rather than a mere agency arrangement. As a result, the properties did not enjoy immunity under Article 285, and municipal property tax could validly be imposed. Case-Laws Indian Laws Tue, 01 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187931