https://www.taxtmi.com/caselaws?id=362829 A notification declaring an industrial area as an industrial township under the proviso to Article 243Q does not by itself create a Municipality under Article 243P(e) or confer Part IXA municipal status on the Authority. After the Finance Act, 2002, "local authority" in the Explanation to Section 10(20) is an exhaustive definition limited to the entities expressly listed, so broader meanings under the General Clauses Act or earlier functional approaches do not apply. As the Authority was not within that list, it was not entitled to income-tax exemption and remained outside the statutory exemption regime. en-us Mon, 02 Jul 2018 00:00:00 +0530 Mon, 06 Jul 2026 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362829 A notification declaring an industrial area as an industrial township under the proviso to Article 243Q does not by itself create a Municipality under Article 243P(e) or confer Part IXA municipal status on the Authority. After the Finance Act, 2002, "local authority" in the Explanation to Section 10(20) is an exhaustive definition limited to the entities expressly listed, so broader meanings under the General Clauses Act or earlier functional approaches do not apply. As the Authority was not within that list, it was not entitled to income-tax exemption and remained outside the statutory exemption regime. Case-Laws Income Tax Mon, 02 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362829