IT : New Okhla Industrial Development Authority (NOIDA) is not a Municipality' as contemplated in clause (e) of Article 243Pof Constitution; nor is it covered by definition of local authority as contained in Explanation to Section 10(20); it's income is not eligible for exemption under section 10(20)
from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000182087/noida-isn’t-local-authority-not-eligible-for-sec-1020-exemption-apex-court.aspx
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