Central Board of Direct Taxes (CBDT) issued notification no. 128/2025 dated 01.08.2025 to provide Exemption u/s 10(46) of the Income tax Act, 1961 to , ‘All India Council for Technical Education’, New Delhi, (PAN: AAAJA1571E), a Council established by the Central Government, in respect of the following specified income arising to that Council, namely:-
(a) Grants/subsidies received from the Government/Govt. bodies;
(b) Regulatory Charges;
(c) RTI fee and Examination fee;
(d) CMAT/GPAT fee;
(e) Interest on bank deposits
(f) Miscellaneous charges/receipts
This notification shall be effective subject to the conditions that All India Council for Technical Education, New Delhi-
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income shall remain unchanged throughout the financial years; and
(c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.
This notification shall be deemed to have been applied for assessment years 2024-2025 to 2025-2026 relevant for the financial years 2023-2024 to 2024-2025 and shall be applicable for assessment year 2026-2027 to 2028-2029 relevant for the financial year 2025-26 to 2027-28.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
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