As per latest supreme court judgement urban development authority are not local authorty and are not allowed to take exemption 10(20).
How they will be treated and is there any other provision of the act which can be availed by them?
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Urban development authority
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Urban Development Authorities are generally no longer considered "local authorities" under Section 10(20) and thus cannot claim the associated tax exemption. They are now typically required to register and seek tax-exempt status as charitable institutions under Section 12A/12AB, strictly adhering to the conditions of Section 2(15) regarding "general public utility" activities. If they fail to meet these criteria, they are liable for income tax on their surplus.
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