2011 (9) TMI 174 - ALLAHABAD, HIGH COURT

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)? - Held that:- Being in disagreement on the substantial question of law between us, as to whether, the U.P. Jal Nigam is 'Local Authority', and is entitled for benefit of exemption under Section 10 (20) of Income Tax Act, 1961, let record be produced before Hon'ble the Chief Justice/Hon'ble the Senior Judge, under Chapter VIII Section-B, Rule 3 of Allahabad High Court Rules.