17 June 2024


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Urban Improvement Trusts Not Entitled to Income Tax Exemptions: Supreme Court - 15.10.2018

Supreme Court has held that Urban Improvement Trust constituted under the Rajasthan Urban Improvement Act, 1959 is not a local authority within the meaning of Explanation to Section 10(20) of the Income Tax Act, 1961, in order to get exemption.

Tags : Supreme Court Urban Improvement Trusts

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