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2017 (9) TMI 1724 - HC - Income TaxExemption u/s 11 - whether the activities of the assessee are charitable in nature - Exemption from income tax to the local authority - whether Appellant is not a ‘local authority’ as contemplated u/s 10(20)? - Held that:- These appeals have now become academic inasmuch as this Court in case of Urban Improvement Trust, Kota vs. The Income Tax Officer, Ward-1(2), Kota [2018 (4) TMI 192 - RAJASTHAN HIGH COURT] as held functions which are carried out by the assessee are statutory functions and carry on for the benefit of the State Government for urban development therefore, in our considered opinion, the functions carried out by the authority is a supreme function and fall within the activity of the State Government. Deletion of 20A will not make difference in case of assessee. In our considered opinion, Clause-3 will come in the help of the assessee. In that view of the matter, we are considered opinion, that the authority assessee is a local authority for the purpose of carrying out of the improvement and development function of the State. - Decided in favour of assessee.
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