https://www.taxtmi.com/caselaws?id=32383 After the 1 April 2003 amendment to section 10(20) and omission of section 10(29), market committees no longer fell within the statutory definition of "local authority" and could not claim exemption under section 10. However, registration under sections 12A and 12AA depended on whether the institutions could qualify for exemption under sections 11 and 12, and their governing law required application of funds only for public and charitable purposes. The Court treated sections 10 and 11 as operating in different fields and held that loss of section 10 exemption did not prevent consideration under section 11. The committees were therefore entitled to exemption under section 11 and registration under sections 12A and 12AA. en-us Tue, 08 Jan 2008 00:00:00 +0530 Wed, 11 Feb 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32383 After the 1 April 2003 amendment to section 10(20) and omission of section 10(29), market committees no longer fell within the statutory definition of "local authority" and could not claim exemption under section 10. However, registration under sections 12A and 12AA depended on whether the institutions could qualify for exemption under sections 11 and 12, and their governing law required application of funds only for public and charitable purposes. The Court treated sections 10 and 11 as operating in different fields and held that loss of section 10 exemption did not prevent consideration under section 11. The committees were therefore entitled to exemption under section 11 and registration under sections 12A and 12AA. Case-Laws Income Tax Tue, 08 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32383