Notification no. 150/2025 dated 08.10.2025- Income tax

Central Board of Direct Taxes (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 (PAN:AAALJ0068K) (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).

This notification shall be effective from the assessment year 2025-2026, subject to the condition that the assessee continues to be an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 (President’s Act No.11 of 1973), with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.