U.P. FOREST CORPORATION vs DY. COMMNR. OF INCOME TAX

The Supreme Court ruled that the U.P. Forest Corporation does not qualify as a 'local authority' under Section 10(20) of the Income Tax Act, 1961, despite being designated as such under the U.P. Forest Corporation Act, 1974. The Court clarified that definitions in the General Clauses Act, 1897 govern Central Acts, and thus the Corporation's status does not confer tax exemption. Additionally, the Court held that the issue of registration under Section 12A for claiming charitable institution status was not previously raised and should be remanded for consideration.