{"id":1630,"date":"2018-07-07T03:35:59","date_gmt":"2018-07-07T03:35:59","guid":{"rendered":"http:\/\/itatonline.org\/digest\/new-okhla-industrial-development-authority-noida-v-ccit-2018-95-taxmann-com-58sc-www-itatonlin-org\/"},"modified":"2018-09-03T08:23:09","modified_gmt":"2018-09-03T08:23:09","slug":"new-okhla-industrial-development-authority-noida-v-ccit-2018-95-taxmann-com-58sc-www-itatonlin-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/new-okhla-industrial-development-authority-noida-v-ccit-2018-95-taxmann-com-58sc-www-itatonlin-org\/","title":{"rendered":"New Okhla Industrial Development Authority (NOIDA)(No.1) v. CCIT  ( 2018) 406 ITR 178\/  256 Taxman 396\/ 303 CTR 448\/ 168 DTR 48(SC)\/ www.itatonlin.org"},"content":{"rendered":"<p>Dismissing the appeal of the assessee , \u00a0the Court held that New Okhla Industrial Development Authority \u00a0(NOIDA)\u00a0is not covered by the word \/expression of \u2018Municipality\u2019 in clause ( e ) of Article 243P. It is neither included in sub-clause (ii) of Explanation , nor it covered by S.10(20) except clause (ii).NOIDA \u00a0was constituted under\u00a0 S. 3 of the U.P. Industrial Area Development Act, 1976 by notification dt. 17 -4-1976. The Act was enacted by State Legislature to provide for the constitution of an Authority for the development of certain areas in the State of UP in to industrial and urban township , under the 1976 Act , various functions had been entrusted to the Authorities .\u00a0 Thus NOIDA is not a local authority , hence is not exempted from payment of income-tax under S. 10(20) and S.10(20A)\u00a0 of the Act. ( CA Nos 792-793 of 2014, dt. 02.07.2018) ( AY.2003-04, 2004 -05)<\/p>\n<p><a href=\"http:\/\/itatonline.org\/archives\/wp-content\/uploads\/NOIDA-Local-Authority.pdf\">[Click here to download PDF file]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10(20): Local authority \u2013Industrial township referred to in proviso to Article 243Q is  not equivalent to a &#8220;municipality&#8221; and a &#8220;local authority&#8221; \u2013 Income is not entitle to exemption .[S.10(20A), Art. 243P,243Q  ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1630","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-qi","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=1630"}],"version-history":[{"count":6,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1630\/revisions"}],"predecessor-version":[{"id":2220,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1630\/revisions\/2220"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}