CBDT issued notification no. 150/2025 dated 08.10.2025 providing exemption u/s 10(46A)(b) of the Income tax Act, 1961 (43 of 1961) to ““Jhansi Development Authority hereinafter referred to as “the assessee”), an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 (President’s Act No.11 of 1973).
CBDT issued notification no. 6/2025 dated 06.01.2025 whereby the Central
Government specify that a Unit of International Financial Services Centre shall not be considered as buyer for the purposes of clause (a) of the Explanation to sub-section (1H) of section 206C of the Income-tax Act, 1961 (43 of 1961) in respect of purchase of goods from a seller, subject to the certain conditions: –