The Central Board of Direct Taxes (CBDT) issued two notifications on April 07, 2025. Notification No. 28/2025 recognizes the Greater Mohali Area Development Authority (PAN: AAALG0872G), established under the Punjab Regional and Town Planning and Development Act, 1995, for tax exemption under Section 10(46A) of the Income-tax Act, 1961. Notification No. 29/2025 similarly recognizes the Prayagraj Mela Pradhikaran (PAN: AAAGP1340M), established under the Uttar Pradesh Prayagraj Mela Authority Act, 2017. Both notifications are effective from the assessment year 2024-25, provided the authorities continue to operate under their respective Acts and fulfill the purposes specified in Section 10(46A)(b) of the Income-tax Act, which include housing, urban development, public benefit regulation, and related activities.
“MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 28/2025
New Delhi, the 7th April, 2025
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 Mohali Area Development Authority (PAN: AAALG0872G) (hereinafter referred to as “the assessee”), an authority constituted under The Punjab Regional and Town Planning and Development Act, 1995 (Punjab Act No. 11 of 1995), 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 Punjab Regional and Town Planning and Development Act, 1995 (Punjab Act No. 11 of 1995) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.”
“MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 29/2025
New Delhi, the 7th April, 2025
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 Prayagraj Mela Pradhikaran, Prayagraj (PAN: AAAGP1340M) (hereinafter referred to as “the assessee”), an authority constituted under the Uttar Pradesh Prayagraj Mela Authority, Allahabad Act, 2017 (U.P. Act, N.o.5 of 2018), 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 Uttar Pradesh Prayagraj Mela Authority, Allahabad Act, 2017 (U.P. Act, N.o.5 of 2018) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.”
Relevant provision:
Section 10(46A) any income arising to a body or authority or Board or Trust or Commission, not being a company, which—
(a) has been established or constituted by or under a Central Act or State Act with one or more of the following purposes, namely:–
(i) dealing with and satisfying the need for housing accommodation;
(ii) planning, development or improvement of cities, towns and villages;
(iii) regulating, or regulating and developing, any activity for the benefit of the general public; or
(iv) regulating any matter, for the benefit of the general public, arising out of the object for which it has been created; and
(b) is notified by the Central Government in the Official Gazette for the purposes of this clause;
The Notifications can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/04/CBDT-28-29-_-07.04.2025.pdf
