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of <h1>Central Govt Notifies Odisha Pollution Board's Tax Exemptions u/s 10(46) for 2015-2020; Includes Fees, Grants, Interest.</h1> The Central Government, under Section 10(46) of the Income-tax Act, 1961, has notified the State Pollution Control Board, Odisha, regarding specified income, which includes statutory consent fees, water cess share, penalties, grants, interest income, and contributions for environmental studies. This notification is effective for the financial years 2015-2016 through 2019-2020, provided the board does not engage in commercial activities and maintains the nature of its specified income. The board must also file income returns as per the Act. The notification ensures no adverse effects due to its retrospective application.
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