The Central Government, in exercise of the powers conferred under sub-clause (b) of clause (46A) of Section 10 of the Income-tax Act, 1961, has issued two separate notifications notifying specified statutory authorities for the purposes of income-tax exemption, subject to prescribed conditions.
Joint Electricity Regulatory Commission Notified
Vide Notification No. 02/2026, issued on 6th January, 2026, the Central Government has notified the Joint Electricity Regulatory Commission (for the State of Goa and Union Territories except Delhi) (PAN: AAAJJ0668D), an authority constituted under the Electricity Act, 2003, for the purposes of clause (46A) of Section 10 of the Income-tax Act.
The notification shall be effective from Assessment Year 2024–25, subject to the condition that the said authority continues to function under the Electricity Act, 2003 and carries out one or more of the purposes specified under sub-clause (a) of clause (46A) of Section 10 of the Income-tax Act.
Mussoorie Dehradun Development Authority Notified
In a separate notification, Notification No. 03/2026, issued on 6th January, 2026, the Central Government has notified the Mussoorie Dehradun Development Authority (PAN: AAAAM4651Q) for the purposes of clause (46A) of Section 10 of the Income-tax Act.
The Authority is constituted under the Uttar Pradesh Urban Planning Development Act, 1973 (President’s Act 11 of 1973) and is regulated under the Uttarakhand Urban and Country Planning Development (Amendment) Act, 2013. This notification shall also be effective from Assessment Year 2024–25, subject to the condition that the Authority continues to be constituted and regulated under the said Acts and carries out one or more specified purposes under the Income-tax Act.
No Adverse Impact Due to Retrospective Effect
An Explanatory Memorandum appended to both notifications certifies that no person shall be adversely affected by giving retrospective effect to these notifications, as they apply from the year of application made before the Board or the Department.
These notifications have been issued by the Central Board of Direct Taxes (CBDT) under the Ministry of Finance, Department of Revenue, and have been published in the Gazette of India (Extraordinary).
The Notifications can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2026/01/CBDT-NN-02-03-2026.pdf
