https://www.taxtmi.com/caselaws?id=13622 For assessment year 2003-04, the amended section 10(20) was construed strictly and its exhaustive definition of "local authority" could not be expanded by reference to section 3(31) of the General Clauses Act, 1897. An agricultural produce marketing committee did not fit within the enumerated categories of panchayat, municipality or cantonment board, and overlapping municipal functions were insufficient to treat it as a municipal committee. In a taxing provision, no exemption can be implied beyond the statutory text. The CBDT circular was consistent with this view, and the committee was held ineligible for exemption from income-tax. en-us Fri, 02 Jun 2006 00:00:00 +0530 Sat, 24 Feb 2024 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13622 For assessment year 2003-04, the amended section 10(20) was construed strictly and its exhaustive definition of "local authority" could not be expanded by reference to section 3(31) of the General Clauses Act, 1897. An agricultural produce marketing committee did not fit within the enumerated categories of panchayat, municipality or cantonment board, and overlapping municipal functions were insufficient to treat it as a municipal committee. In a taxing provision, no exemption can be implied beyond the statutory text. The CBDT circular was consistent with this view, and the committee was held ineligible for exemption from income-tax. Case-Laws Income Tax Fri, 02 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13622