2014 (5) TMI 401 - GUJARAT HIGH COURT
Commissioner of Income Tax-I Versus Kandla Port Trust
Registration u/s 12AA - port trust to control the activities at a major port for utilizing and creating facilities. - Charitable Purpose - profit motive – Exemption u/s 11 of the Act - Held that:- For a trust to claim exemption u/s 11 of the Act fro ......
2014 (2) TMI 186 - GUJARAT HIGH COURT
Commissioner of Income Tax Versus Rajkot Municipal Corporation
Income from hoarding whether income from business or income from other sources - income of Municipal Corporation- Held that:- The Corporation merely charges licence fees to regulate granting licences for putting up hoardings in its property - If the ......
2013 (11) TMI 212 - ITAT DELHI
ITO, Ward-1 and others Versus Cane Development Council, Chini Mill Compound and others
Taxability of grant in aid - local authority u/s 10(20) - whether assessee was an organ of the state as such immune of Article 289 of the Constitution - Whether only surplus remaining after allowing expenses as per the account of the assessee should ......
2012 (10) TMI 362 - ITAT LUCKNOW
Fortuna Foundation Engineer & Consultants (P.) Ltd. Versus Assistant Commissioner of Income-tax-IV, Lucknow
Exemption u/S 80IB(10) - date of completion of project - Held that:- In section 80IB(10) it has been made emphatically clear that if the housing project is approved before 1st April, 2004 and is completed before 31.3.2008, the assessee would be entit ......
2012 (10) TMI 26 - SUPREME COURT
Commissioner of Income Tax-II Versus M/s. Krishi Utpadan Mandi Samiti
Trust - application of income for charitable purposes - assessee, a Market Committee incorporated and registered under the Uttar Pradesh Krishi Utpadan Mandi Adhiniyam, 1964 - assessee collects fees etc and transfer to Mandi Parishad for utilisation ......
2012 (8) TMI 514 - ITAT, PUNE
Income Tax Officer, Versus Agricultural Produce Market Committee
Penalty u/s 271(1)(c) - concealment of particulars - alleged violation of provision u/s 13(1)(c) by letting-out shops on long lease to the relatives of Directors who are the persons as referred to u/s 13(3) and claiming exemption u/s 11 - Held that:- ......
2012 (8) TMI 305 - ITAT, MUMBAI
Deputy Director of Income Tax (Exemptions)-1(1) Versus Mumbai Metropolitan Region Development Authority
Charitable purpose - denial of exemption u/s 11 - local authority created by the Government of Maharashtra claiming exemption of its income as per section 10(20A) till A.Y.2002-03 and subsequently on withdrawal of Section 10(20A), registered u/s 12A ......
2012 (8) TMI 120 - ITAT INDORE
Indore Development Authority, Versus Additional Commissioner of Income Tax, Range 5,
Addition for non furnishing any basis of valuation of closing stock and estimation of work in progress - Held that:- As the assessee has not maintained day to day quantitative details of plots and other properties sold during the year under considera ......
2012 (4) TMI 452 - HIMACHAL PRADESH HIGH COURT
M/s. Agriculture Produce Market Committee Versus Commissioner of Income Tax, Shimla.
Whether the assessee is entitled to the exemption under Section 10(20)- Held that:- Since the AMC(s) is neither a Municipal Committee nor a District Board under the said Explanation to section 10(20)of the 1961 Act no question arises whether the AMC( ......
2011 (9) TMI 222 - ITAT MUMBAI
Jawahar Lal Nehru Port Trust Versus Deputy Commissioner of Income-tax
Exemption under s. 10(20) and sec. 12AA - definition of local authority - Exemption under s. 10(20) was no longer available to the assessee after the legislative amendment w.e.f. 1st April, 2003, - assessee is a major port trust set up by the virt ......
2011 (9) TMI 174 - ALLAHABAD, HIGH COURT
Commissioner Of Income Tax-I Versus M/s UP. Jal Nigam
Exemption under Section 10 (20) of Income Tax Act - U.P. Jal Nigam - Local Authority - Whether, on the facts and circumstances of the case, the assessee Corporation is “Local Authority” and entitled for benefit of exemption under Section 10 (20)? - ......
2011 (6) TMI 101 - HIMACHAL PRADESH HIGH COURT
Commissioner of Income Tax Versus M/s. HP. Marketing Board
Local authority - scope of exemption u/s 10(20) - Marketing board - Held that: - H.P. Marketing Board is not a local authority within the meaning of Section 10(20) of the Income Tax Act, 1961 or 3(31) of the General Clauses Act, 1897Res Judic ......
2011 (3) TMI 1382 - Andhra Pradesh High Court
CIT and Ors. Versus Agricultural Market Committee and Ors.
Whether Sec. 10(26AAB) of the IT Act, 1961 exempts income of Agricultural Market Committees (AMCs) from the levy of income-tax under the Act, inserted by the Finance Act, 2008 w.e.f. 1st April, 2009 is retrospective in operation - assessee availed ta ......
2011 (3) TMI 1265 - Andhra Pradesh High Court
Commissioner of Income-tax Versus Agricultural Market Committee
Registration u/s 12A - Agricultural Market Committee (AMC), constituted u/s 4(1) of the AMC Act was availing exemption as a "local authority" - Revenue contended that AMCs cannot be given the benefit of exemption, which have been permitted u/s 10(20) ......
2011 (2) TMI 1251 - Allahabad High Court
New Okhla Industrial Development Authority Versus Chief CIT
Whether after 1.4.2003, New Okhla Industrial Development Authority (Noida) (the Petitioner) is a local authority within the meaning of section 10(20) of the Income Tax Act, 1961 petitioner was also declared to be an Industrial Township within the me ......