https://www.taxtmi.com/caselaws?id=56594 Article 289 exempts only the property and income of a State; governmental control or public purpose does not make a statutory corporation's trading income State income. A corporation with separate funds, budget, autonomous operations and trading accounts is treated as a trading undertaking rather than a governmental department, so its Article 289 claim fails. Section 10(20) exempts a local authority's income from trade or business supplying commodities or services within its jurisdictional area. Where statutory status and the record establish local-authority character and forest produce is supplied within that area, profit motive, absence of a statutory supply duty, and auctions do not prevent the exemption. en-us Thu, 22 Mar 1984 00:00:00 +0530 Sat, 04 Dec 2010 17:13:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56594 Article 289 exempts only the property and income of a State; governmental control or public purpose does not make a statutory corporation's trading income State income. A corporation with separate funds, budget, autonomous operations and trading accounts is treated as a trading undertaking rather than a governmental department, so its Article 289 claim fails. Section 10(20) exempts a local authority's income from trade or business supplying commodities or services within its jurisdictional area. Where statutory status and the record establish local-authority character and forest produce is supplied within that area, profit motive, absence of a statutory supply duty, and auctions do not prevent the exemption. Case-Laws Income Tax Thu, 22 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56594