The CBDT, vide Notifications Nos. 142 to 145 all dated 2nd September 2025, granted income-tax exemptions to Lucknow Development Authority, Commissioners for the Rabindra Setu (Kolkata), Maharashtra State Pharmacy Council, and CBSE, Delhi. The exemptions cover specified statutory incomes, with applicability ranging from AY 2019-20 to AY 2030-31, subject to conditions of non-commercial activity and compliance with return filing norms.
Notification No. 142/2025 – Lucknow Development Authority
CBDT has notified the Lucknow Development Authority (PAN: AAALL0016F), constituted under the Uttar Pradesh Urban Planning and Development Act, 1973, for exemption under section 10(46A) of the Income-tax Act, 1961.
- Effective from AY 2024-25 onwards.
- Subject to the condition that the Authority continues to function as constituted under the said Act with the purposes specified in section 10(46A).
Notification No. 143/2025 – Commissioners for the Rabindra Setu, Kolkata
CBDT has notified The Commissioners for the Rabindra Setu, Kolkata (PAN: AABTT2734P), a statutory body under the Howrah Bridge (Amendment) Act, 1965, for exemption under section 10(46).
- Specified incomes include:
- Proceeds from municipal/railway taxes,
- Rental & maintenance charges, optical fibre cable laying charges, way leave rent, damages recoverable,
- Interest on bank deposits.
- Applicable for FYs 2023-24 to 2027-28 (AYs 2024-25 to 2028-29).
- Subject to conditions: no commercial activities, income nature unchanged, and filing of return u/s 139(4C).
Notification No. 144/2025 – Maharashtra State Pharmacy Council
CBDT has notified Maharashtra State Pharmacy Council (PAN: AAHAM7600C), constituted by the State Government, for exemption under section 10(46).
- Specified incomes:
- Fees & Subscriptions,
- Interest Income.
- Applicable retrospectively for FYs 2018-19 to 2022-23 (AYs 2019-20 to 2023-24).
- Subject to conditions: no commercial activities, income nature unchanged, and return filing compliance.
Notification No. 145/2025 – Central Board of Secondary Education (CBSE), Delhi
CBDT has notified the Central Board of Secondary Education (CBSE), Delhi (PAN: AAAAC8859Q) under section 10(46).
- Specified incomes include:
- Examination fees, Affiliation fees, Registration fees, Sports/Training fees, and other academic receipts,
- Receipts from CBSE projects/programmes,
- Interest on deposits, securities, loans, advances, and tax refunds.
- Applicable for FYs 2025-26 to 2029-30 (AYs 2026-27 to 2030-31).
- Subject to conditions: no commercial activities, income nature unchanged, and return filing compliance.
In all cases, the explanatory memorandum certifies that no person is adversely affected by giving retrospective effect to these notifications.
The Notifications can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/09/CBDT-NN-142-to-145.pdf
