U/s 10(46) of the Income-tax Act, 1961 Central Government notifies ‘Manipur State Rural Road Development Agency’, a body established by Government of Manipur, in respect of the specified income arising to the body - 97/2017 - Income Tax Act, 1961
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Tax exemption under section 10(46) granted to Manipur State Rural Road Development Agency for PMGSY funds and interest. Notification under section 10(46) designates Manipur State Rural Road Development Agency as exempt in respect of specified income: funds received for PMGSY from the Ministry of Rural Development and interest on those funds, subject to conditions that the Agency not engage in commercial activity, maintain unchanged activities and income character across financial years, and file returns as required under clause (g) of sub section (4C) of section 139; the notification is applied retrospectively and to subsequent years.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 10(46) granted to Manipur State Rural Road Development Agency for PMGSY funds and interest.
Notification under section 10(46) designates Manipur State Rural Road Development Agency as exempt in respect of specified income: funds received for PMGSY from the Ministry of Rural Development and interest on those funds, subject to conditions that the Agency not engage in commercial activity, maintain unchanged activities and income character across financial years, and file returns as required under clause (g) of sub section (4C) of section 139; the notification is applied retrospectively and to subsequent years.
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