2000 PLP 113 (PTD)
COMMISSIONER OF INCOME-TAX Versus ADONI AGRICULTURAL MARKET COMMITTEE
| Citation | 2000 PLP 113 (PTD) |
| Forum / Court | 232 I T R 806 |
| Bench Members | Syed Shah Mohammed Quadri and B. S. Raikote, JJ |
| Parties | COMMISSIONER OF INCOME-TAX Versus ADONI AGRICULTURAL MARKET COMMITTEE |
| Primary Law | Income-tax |
Q1: What are the key laws and sections cited in 2000 PLP 113 (PTD)?
This judgment primarily cites: Income-tax as referenced in Pakistani case law index.
Q2: Which judicial bench decided the case 2000 PLP 113 (PTD)?
The case was heard and decided by the 232 I T R 806 bench comprising: Syed Shah Mohammed Quadri and B. S. Raikote, JJ.
Q3: What is the official citation format for this judgment on Pakistan Law Portal?
Cite this legal precedent as: 2000 PLP 113 (PTD) (COMMISSIONER OF INCOME-TAX Versus ADONI AGRICULTURAL MARKET COMMITTEE). Read the full summary and cross-referenced laws free on Pakistan Law Portal.
Laws Cited
Representation
- S.R. Ashok for Appellant.
Headnotes / Summary
Agricultural marketing committee
Gains derived by it exempt from tax
No question of law arose for reference
Indian Income Tax Act, 1961, Ss.10(20) & 256(2). The Agricultural Marketing Committee is. a local authority within the meaning of section 10(20) of the Income Tax Act, 1961, and the gains derived by it are, therefore, entitled to exemption under the Act. No question of law arose for reference. CIT v. Agricultural Market Committee (1983) 143 ITR 1020 (AP) fol.
Judgment & Decree
SYED SHAH MOHAMMED QUADRI, J.
This is an application filed under section 256(2) of the Income Tax Act, 1961, for a direction to the Income-tax Appellate Tribunal to state the case and refer the following question of law to this Court for opinion, viz.; "Whether, on' the facts and in the circumstances of the case, the Appellate Tribunal is correct in law in holding that the assessee is a 'local authority' and that the income derived by it is exempt from tax?" In view of the judgment of this Court in CIT v. Agricultural Market Committee (1983) 143 ITR 1020, taking the view that the Agricultural Marketing Committee is a "local authority" within the meaning of section 10(20) of the Income Tax Act, 1961, and. is therefore, entitled to exemption, we are of the view that the Tribunal is right incoming to the conclusion that no referable question of law arises. The I.T.C. is, therefore, dismissed. M.B.A./3276/FC Case dismissed.