The Central Board of Direct Taxes (CBDT), Ministry of Finance, has issued three separate Notifications dated December 04, 2025 granting income-tax exemption under Section 10(46A) of the Income-tax Act, 1961 to the following statutory bodies for the Assessment Year 2024-25 onwards, subject to fulfilment of prescribed conditions:
1. Jalandhar Development Authority (Punjab) – Notification No.: 167/2025
CBDT has notified the Jalandhar Development Authority (PAN: AAALC0454G)—constituted under the Punjab Regional and Town Planning and Development Act, 1995—for exemption under Section 10(46A).
The exemption will apply as long as the Authority continues to operate with one or more of the purposes listed under Section 10(46A)(a) of the Income-tax Act.
2. Ajmer Development Authority (Rajasthan) – Notification No.: 168/2025
CBDT has notified the Ajmer Development Authority (PAN: AAALS0528D)—constituted under the Ajmer Development Authority Act, 2013—for exemption under Section 10(46A).
The notification specifies that the exemption is effective from AY 2024-25 onward, subject to continuation of statutory functions recognised under Section 10(46A)(a).
3. Tamil Nadu Pollution Control Board (TNPCB) – Notification No.: 169/2025
CBDT has notified the Tamil Nadu Pollution Control Board (PAN: AAALT0344G)—constituted under the Water (Prevention and Control of Pollution) Act, 1974 and the Air (Prevention and Control of Pollution) Act, 1981—for exemption under Section 10(46A).
The exemption is applicable from AY 2024-25, subject to the Board continuing to fulfil one or more of the statutory environmental protection purposes defined in Section 10(46A)(a).
Retrospective Impact
All three notifications certify that no person is adversely affected by the retrospective effect granted from Assessment Year 2024-25.
Purpose of Section 10(46A)
Section 10(46A) of the Income-tax Act provides exemption to income accrued to bodies constituted under a Central/State Act for performing functions in the public interest, including planning, development, and environmental protection.
The Notifications can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/12/CBDT-NN-167-to-169.pdf
