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2008 (8) TMI 8 - SC - Income Tax
Appellant, Committee claimed exemption on the ground that it was a "local authority" - Agricultural Market Committee (AMC) is neither a Municipal Committee nor a District Board under the Explanation to Section 10(20) which was inserted w.e.f. 1.4.03, therefore, not entitled to exemption u/s 10(20) – it is not a sound rule of interpretation to seek the meaning of words used in an Income Tax Act, in the definition clause of other statutes – assessee’s appeal dismissed