Central Board of Direct Taxes (CBDT) issued notification no. 41/2026 dated 30.03.2026 to provide exemption u/s 10(46A)(b) of the Income-tax Act, 1961 (43 of 1961), to ‘Karnataka Industrial Areas Development Board’ (PAN: AAATK1305J) a board constituted under the Karnataka Industrial Areas Development Act, 1966 (Karnataka Act No. 18 of 1966), for the purposes of the said clause.
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