The CBDT vide Notification No. 61/2025 dated June 17, 2025, grants income tax exemption under Section 10(46) to the Puducherry Planning Authority” (PAN: AAAAP3523E).
In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income tax Act, 1961 (43 of 1961), (hereinafter referred to as “the Income-tax Act”), the Central Government hereby notifies the “Puducherry Planning Authority” (PAN: AAAAP3523E) (hereinafter referred to as “the assessee”), an authority constituted under the Pondicherry Town and Country Planning Act, 1969 (Act No. 13 of 1970) for the purposes of the said clause.
This notification shall be effective from the assessment year 2024-25, subject to the condition that the assessee continues to be an authority constituted under the Pondicherry Town and Country Planning Act, 1969 (Act No. 13 of 1970) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.
The Notification can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/06/Puducherry-Planning-Authority.pdf
