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Income Tax - Highlights / Catch Notes

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Exemption u/s 10(20) - scope of the term "local authority" - ...


NOIDA Not a "Local Authority" u/s 10(20) of Income Tax Act; Ineligible for Tax Exemption.

July 4, 2018

Case Laws     Income Tax     SC

Exemption u/s 10(20) - scope of the term "local authority" - NOIDA - the appellant is not covered by the definition of local authority as contained in Explanation to Section 10(20).

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