Pre amendment Marketing board is not local authority U/s.10(20)

CIT Vs H.P. Marketing Board (Himachal High Court)- Marketing board is not  a local authority within the meaning of section 10(20) prior to the amendment made in section 10(20) when the word `local authority’ was not defined in the Income tax Act and the definition of `local authority’ as defined in section 3(31) of the General Clause Act was applicable. IN THE HIGH COURT OF HIMACHAL PRADESH, SHIMLA I.T.A. No. 1 of 2007 along with I.T.A. Nos. 17, 18 & 19 of 2007, and I.T.A Nos. 18 & 22 of 2008. Judgement reserved on: 17.06.2011 Date of decision: 24.06.2011. Commission...