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Income Tax Case Laws - Section: 10(20)

Cases for Section: 10(20)
Showing 1 to 15 of 48 Records

2015 (4) TMI 512 - BOMBAY HIGH COURT

Commissioner of Income Tax-II, Thane And Others Versus Mumbai Metropolitan Regional Iron And Steel Market Committee

Entitlement to benefit under section 10(20) - Commissioner rejected claim for exemption under section 11 mainly for the reason that this claim was not made in the original return and that Form 10 and audit report in support of this claim are not file.....

2015 (6) TMI 347 - ITAT PUNE

Agricultural Produce Market Committee Versus Income Tax Officer, Ward 2 (3) , Jalgaon

Penalty levied by the AO u/s. 271(1)(c) - the assessee did not file the returns of income as per the provisions of Sec. 139 and the assessee was issued the notices u/s. 148 - Held that - It is not in dispute that the assessee was treated as a local a.....


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 from t.....


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 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 (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 (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 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 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.....


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 virtue .....


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)? - Hel.....


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, 1897 BR BR Res Judicat.....

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.....

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