GUJARAT INDUSTRIAL DEVELOPMENT CORPORATION versus COMMISSIONER OF INCOME-TAX
Exemption is not limited to non-industrial activities, development of cities, towns and villages State Industrial Development Corporation Industrial development involves the planning, development or improvement of cities, towns and villages, roads, buildings, sanitation, parks, Facilities provided by the State Industrial Development Corporation, a planned industrial area for the exemption of tax by the Educational Institution and other Indian Income Tax Act, 1961, Section 10 (20A) of the Indian Gujarat Industrial Development Act, 1962.
