The CBDT vide Notification No. 55/2025 dated June 10, 2025, has granted income tax exemption under section 10(46A)(b) of the Income-tax Act, 1961, to the Greater Noida Industrial Development Authority (PAN: AAALG0129L). This authority, constituted under the U.P. Industrial Area Development Act, 1976, is notified for tax exemption from the assessment year 2024–25 onwards. The exemption is subject to the condition that it continues operating under the said Act with purposes specified in section 10(46A)(a).
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 “Greater Noida Industrial Development Authority” (PAN: AAALG0129L) (hereinafter referred to as “the assessee”), an authority constituted under the U.P. Industrial Area Development Act, 1976 (U.P. Act No.6 of 1976), 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 U.P. Industrial Area Development Act, 1976 (U.P. Act No.6 of 1976) 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/CBDT-NN-5-2025-_-263707.pdf
