Supreme Court of India · 2018-10-12
THE INCOME TAX OFFICER, vs URBAN IMPROVEMENT TRUST
- Citation / case number
- SC 2018/19540
- Court
- Supreme Court of India
- Petitioner
- THE INCOME TAX OFFICER,
- Respondent
- URBAN IMPROVEMENT TRUST
- Author
- HON'BLE MR. JUSTICE A.K. SIKRI
- Bench
- HON'BLE MR. JUSTICE ASHOK BHUSHAN HON'BLE MR. JUSTICE A.K. SIKRI
Judgment text excerpt
The Supreme Court upheld the Rajasthan High Court's judgments which recognized the Urban Improvement Trust as a local authority under Clause (iii) of Explanation to Section 10(20) of the Income Tax Act, 1961, thus entitling it to exemption from income tax. The Court found that the High Court correctly interpreted the definition of local authority, dismissing the Revenue's contention that the Trust did not qualify. Consequently, the appeals by the Revenue were dismissed, affirming the High Court's decisions dated 25.07.2017 and 23.10.2017.