The CBDT issued Notification No. 150/2025 dated October 08, 2025, under section 10(46A)(b) of the Income-tax Act, 1961, notifies Jhansi Development Authority (PAN: AAALJ0068K) as an eligible authority for income-tax exemption. Effective from assessment year 2025–26, this applies while it remains constituted under the Uttar Pradesh Urban Planning and Development Act, 1973. No adverse impact arises.
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 “Jhansi Development Authority (PAN:AAALJ0068K) (hereinafter referred to as “the assessee”), an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 (President’s Act No. 11 of 1973), for the purposes of the said clause.
This notification shall be effective from the assessment year 2025-2026, subject to the condition that the assessee continues to be an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 (President’s Act No. 11 of 1973), with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
The Notification can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/10/CBDT-Notification-No.-150-2025.pdf
