https://www.taxtmi.com/caselaws?id=339410 The Supreme Court upheld the High Court's decision to remand the case back to the Tribunal for reconsideration in light of legislative enactments governing the respondent's establishment. The Court emphasized the criteria under Section 10(20A) of the Income Tax Act, highlighting the exemption of income for authorities established for housing accommodation or city planning. Despite the Income Tax Department's appeal, the Supreme Court dismissed it, ruling no costs to be awarded and emphasizing the importance of a detailed assessment to determine the respondent's classification as a local authority. en-us Thu, 16 Feb 2017 00:00:00 +0530 Sat, 01 Apr 2017 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339410 The Supreme Court upheld the High Court's decision to remand the case back to the Tribunal for reconsideration in light of legislative enactments governing the respondent's establishment. The Court emphasized the criteria under Section 10(20A) of the Income Tax Act, highlighting the exemption of income for authorities established for housing accommodation or city planning. Despite the Income Tax Department's appeal, the Supreme Court dismissed it, ruling no costs to be awarded and emphasizing the importance of a detailed assessment to determine the respondent's classification as a local authority. Case-Laws Income Tax Thu, 16 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339410