Commissioner Of Income Tax vs Gujarat Maritime Board

The Supreme Court examined the status of the Gujarat Maritime Board under the Income-tax Act, 1961, specifically addressing whether it qualifies as a 'Charitable Institution' under Section 11 after the amendment to Section 10(20) by the Finance Act, 2002. The Court held that the Board does not fit the definition of 'Local Authority' post-amendment and thus cannot claim exemption under Section 10(20). Consequently, the Board's application for registration as a Charitable Institution was denied, affirming the Department's decision.