Notification no. 29/2025 dated 07.04.2025- Income tax

Central Board of Direct Taxes (CBDT) issued notification no. 29/2025 dated 07.04.2025. , the Central Government hereby notifies the Prayagraj Mela Pradhikaran, Prayagraj (PAN: AAAGP1340M) (hereinafter referred to as “the assessee”), an authority constituted under the Uttar Pradesh Prayagraj Mela Authority, Allahabad Act, 2017 (U.P. Act, N.o.5 of 2018), for the purposes of the sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43 of 1961).

This notification shall be effective from the assessment year 2024-25, subject to the condition that the
assessee continues to be an authority constituted under the Uttar Pradesh Prayagraj Mela Authority, Allahabad Act, 2017 (U.P. Act, N.o.5 of 2018) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.