(751) THE COMMISSIONER OF INCOME-TAX (EXEMPTIONS), HYDERABAD. Vs. HYDERABAD METROPOLITAN DEVELOPMENT AUTHORITY (FORMERLY KNOWN AS HUDA)[TELANGANA HIGH COURT] 06-02-2026
Income Tax Act, 1961 — Section 10(20A) & Section 12AA — Loss of Exemption and Application for Registration — The assessee, a local authority, lost exemption under Section 10(20A) of the Income Tax Act, 1961, due to its omission effective from April 1, 2003 — Subsequently, the assessee applied for registration under Section 12AA of the Act on March 15, 2007, seeking exemption from assessment year 2003-04 onwards —
India Law Library Docid # 2441466