Assessee being a local authority is not chargeable to Income tax

Cane Development Council Titawi Vs ITO (ITAT Delhi) ITAT Delhi held that the assessee (M/s. Cane Development Council Titawi) being a local authority are not chargeable to tax in terms of section 10(20) of the Income Tax Act. Facts- The assessee is a local authority and had filed its return of income on 29.07.2014 declaring total income of Rs. NIL. The ld. AO vide notice u/s. 142(1) of the Act dated 05.09.2016 show caused the assessee as to why assessment be not completed in the status of “Artificial Juridical Person” in view of the amendment in provisions of section 10(20) of the Act, wher...