Central Board of Direct Taxes (CBDT) issued notification no. 28/2025 dated 07.04.2025. 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 sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43 of 1961).
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.
Share this content: