Determine the status of the following :-(i) Mohan Lal Sukhadia University (ii) Bhilwara Municipal Corporation.

CS Executive · Tax Laws and Practice · PYQS · June 2021
Determine the status of the following :-(i) Mohan Lal Sukhadia University (ii) Bhilwara Municipal Corporation.
(A) An association of persons, Artificial juridical person
(B) Artificial juridical person, A local authority
(C) A local authority, Artificial juridical person
(D) An association of persons, A local authority

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B). Official source note: Determine the status of the following :- (i) Mohan Lal Sukhadia University (ii) Bhilwara Municipal Corporation. (A) An association of persons, Artificial juridical person (B) Artificial juridical person, A local authority (C) A local authority, Artificial juridical person (D) An association of persons, A local authority

Topics: Income Tax Act, 1961

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