Telangana HC Allows Statutory Authorities to Switch One Income Tax Exemption for Another

Telangana State Pollution Control Board Vs Central Board of Direct Taxes (Telangana High Court) The Telangana High Court disposed of two writ petitions filed by the Telangana State Pollution Control Board and the Andhra Pradesh Pollution Control Board, both challenging the failure of the tax authorities to notify them under Section 10(46) of the Income Tax Act, 1961. As the issues involved were common, the petitions were decided through a single judgment. Read SC Judgment in this case: SC Upholds Right to Switch Income Tax Exemption Regime for Statutory Bodies Both Boards are statutory bodies...