https://www.taxtmi.com/caselaws?id=339219 A statutory authority constituted as a body corporate with perpetual succession, separate funds, power to contract and sue, and a distinct regime for vesting of assets and liabilities on dissolution was treated as a separate legal entity, not a department or agent of the State. On that basis, its income was not regarded as the income of the State, and Article 289(1) of the Constitution could not be invoked to claim immunity from Union taxation. The claim for constitutional tax exemption therefore failed, and the authority was held taxable. en-us Thu, 12 Jan 2017 00:00:00 +0530 Tue, 21 Feb 2017 00:08:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339219 A statutory authority constituted as a body corporate with perpetual succession, separate funds, power to contract and sue, and a distinct regime for vesting of assets and liabilities on dissolution was treated as a separate legal entity, not a department or agent of the State. On that basis, its income was not regarded as the income of the State, and Article 289(1) of the Constitution could not be invoked to claim immunity from Union taxation. The claim for constitutional tax exemption therefore failed, and the authority was held taxable. Case-Laws Income Tax Thu, 12 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339219