MSBTE is ‘State’ under Indian Constitution & Exempt from Income Tax

Maharashtra State Board of Technical Education (MSBTE) Vs ITO (ITAT Mumbai) The issue under consideration is whether CIT(A) is correct in holding that the appellant is not a ‘state’ under Article 289 of the Constitution of India and therefore, liable to tax under the Income Tax Act? In the present case, the department has initiated assessment proceedings under section 143 r.w.s. 147 of the Income Tax Act, 1961 against the assessee, an autonomous board of education in the state of Maharashtra stating that the appellant is not a “state” under Article 289 of the Constituti...