1978 (7) TMI 4 - HC - Income Tax

Summary

The High Court of Andhra Pradesh ruled that the Agricultural Market Committee, Cuddapah, is considered a local authority under section 10(20) of the Income Tax Act, 1961, and is exempt from tax. The court based its decision on previous rulings affirming the committee's status as a local authority. The court directed the parties to bear their own costs.