High Court of Karnataka Upholds ITAT Order in Favor of APMC in Income Tax Exemption Case — Market Committee Entitled to Exemption Under Section 10(29) of Income Tax Act, 1961. Income from letting out shops and godowns for marketing of agricultural produce is exempt as it is incidental to the committee's statutory functions.
19 Jun 2018The case involves two appeals filed by the Revenue (Commissioner of Income Tax and others) against the order of the Income Tax Appellate Tribunal (ITA...
