Notification no. 151/2025 dated 15.10.2025- Income tax

Central Board of Direct Taxes (CBDT) issued notification no. 151/2025 dated 15.10.2025 to give exemption u/s 10(46A)(b) of the Income tax Act, 1961 to “Chennai Metropolitan Water Supply and Sewerage Board” (PAN: AAALM0037B) (hereinafter referred to as “the assessee”), a Board constituted under the Chennai Metropolitan Water Supply and Sewerage Act, 1978 (Tamil Nadu Act 28 of 1978).

This notification shall be effective from the assessment year 2024-2025, subject to the condition that the assessee continues to be a Board constituted under the Chennai Metropolitan Water Supply and Sewerage Act, 1978 (Tamil Nadu Act 28 of 1978) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.