AGASTYAR TRUST vs COMMNR. & SECY TO GOVT.,REV.DEPTT.

The Supreme Court upheld the dismissal of the appellant-Trust's claim for exemption from urban land tax under the Tamil Nadu Urban Land Tax Act, 1966, specifically referencing Section 27 of the Act. The Court ruled that the Trust, recognized as a charitable institution under Section 12A(a) of the Income Tax Act, could not retroactively claim exemption for the period 1965 to 1976, as the recognition occurred only in 1977. The Court affirmed the High Court's decision, emphasizing that the Trust's application did not meet the stipulated norms for exemption.