The Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, has issued fresh notifications granting income-tax exemptions under Section 10(46A) of the Income-tax Act, 1961 to statutory authorities.
Notification No. 146/2025 – Ghaziabad Development Authority
The Central Government has notified the Ghaziabad Development Authority (PAN: AAALG0072C) as an eligible authority under Section 10(46A) of the Income-tax Act, 1961.
- Exemption Granted: Income arising to the Authority, constituted under the Uttar Pradesh Urban Planning and Development Act, 1973, will not be included in the total income for taxation purposes.
- Effective From: Assessment Year 2024-25 onwards, subject to the Authority continuing to operate under the said Act with one or more purposes specified in clause (46A).
Notification No. 147/2025 – Tamil Nadu Electricity Regulatory Commission
The Central Government has also notified the Tamil Nadu Electricity Regulatory Commission (PAN: AAAGT0048J) under Section 10(46A) of the Income-tax Act, 1961.
- Exemption Granted: Income of the Commission, constituted under the Electricity Act, 2003, will be exempt from inclusion in its total income for taxation.
- Effective From: Assessment Year 2024-25 onwards, subject to the Commission continuing under the provisions of the Electricity Act, 2003, with one or more purposes specified in clause (46A).
Both notifications clarify that no person is adversely affected, as the exemptions are prospective and apply only to the respective authorities.
The Notifications can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/09/CBDT-NN.pdf
