No denial of Local authority status for non-election of members of assessee-Mandi Parishad

Status of the Local Authority cannot be denied for the reason that members of the assessee-Mandi Parishad not elected Local Authority Status cannot be denied for non election of members of  assessee-Mandi Parishad RELEVANT PARAGRAPH 15. We have heard both the parties at length and carefully gone through the materials available on record. In the instant case, the controversy to be resolved is whether assessee was a Local Authority for the year under consideration and as such was eligible for exemption of income u/s. 10(20) of the Act or not. Section 10 of the Act deals with the income which ar...