Calcutta State Transport Corporation vs Commissioner Of Income Tax

Authority: Supreme Court Date: 1996-02-29 AY: 1962-63 Section: 2(31)(vi), 10(20) Acts: Income Tax Act 1961, General Clauses Act 1897, Road Transport Corporations Act 1950 Result: Revenue Citation: (1996) 132 CTR (SC) 283 : (1996) 219 ITR 515 (SC) : (1996) 85 TAXMAN 402 Justices: B.P. Jeevan Reddy & K.S. Paripoornan, JJ. Appeal No: Civil Appeal No. 592 of 1978*
Whether the Calcutta State Transport Corporation qualifies as a 'local authority' under Section 2(31)(vi) of the Income Tax Act 1961 to claim exemption under Section 10(20) --- Held No.

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