https://www.taxtmi.com/caselaws?id=797096 Article 289(1) exempts a State's property and income from Union taxation, restricting the Income-tax Act's taxing reach. A State-controlled conservation society may qualify for this immunity where it functions as an instrumentality and administrative vehicle of the State: it is controlled by State functionaries, performs public conservation obligations linked to Article 48A, and holds ring-fenced statutory receipts and corpus solely for those purposes. Incidental interest applied exclusively to conservation purposes retains that public character. Statutory conservation receipts and related funds meeting these conditions cannot be subjected to income tax. en-us Thu, 06 Aug 2026 00:00:00 +0530 Mon, 17 Aug 2026 08:38:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797096 Article 289(1) exempts a State's property and income from Union taxation, restricting the Income-tax Act's taxing reach. A State-controlled conservation society may qualify for this immunity where it functions as an instrumentality and administrative vehicle of the State: it is controlled by State functionaries, performs public conservation obligations linked to Article 48A, and holds ring-fenced statutory receipts and corpus solely for those purposes. Incidental interest applied exclusively to conservation purposes retains that public character. Statutory conservation receipts and related funds meeting these conditions cannot be subjected to income tax. Case-Laws Income Tax Thu, 06 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797096