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The Central Government notifies a state construction workers' welfare board as exempt under section 10(46) of the Income-tax Act for specified income: central government grants, other Central-decided sources, cess on construction costs, registration fees and annual subscriptions from establishments, and interest on bank deposits. Exemption is subject to conditions: the board must not engage in commercial activities, its activities and nature of specified income must remain unchanged during the relevant years, and it must file income-tax returns as required by law. The notification applies to assessment years 2026-27 through 2030-31 (financial years 2025-26 to 2029-30).