https://www.taxtmi.com/caselaws?id=395676 The Tribunal allowed the appeal, ruling that the appellant qualifies as a "state" under Article 289 of the Constitution of India and is exempt from taxation under the Income Tax Act. The appellant, being an instrumentality of the state, was found not liable to file a return of income and not assessable under the Act. The Tribunal held that the appellant's income is inherently exempt due to its status as a state entity, and the appeal was decided in favor of the appellant under rule 34(4) of the Income Tax (Appellate Tribunal) Rules, 1962. en-us Wed, 27 May 2020 00:00:00 +0530 Tue, 02 Jun 2020 09:22:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395676 The Tribunal allowed the appeal, ruling that the appellant qualifies as a "state" under Article 289 of the Constitution of India and is exempt from taxation under the Income Tax Act. The appellant, being an instrumentality of the state, was found not liable to file a return of income and not assessable under the Act. The Tribunal held that the appellant's income is inherently exempt due to its status as a state entity, and the appeal was decided in favor of the appellant under rule 34(4) of the Income Tax (Appellate Tribunal) Rules, 1962. Case-Laws Income Tax Wed, 27 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395676