Tax exemption notification for Mysore Palace Board: specified Palace income exempted subject to non-commercial and filing conditions. Notification under section 10(46) of the Income-tax Act, 1961 notifies Mysore Palace Board, Karnataka, as exempt in respect of specified income comprising Palace income and proceeds, fees and charges under the Mysore Palace (Acquisition and Transfer) Act, rent from stalls let to Government agencies, and interest on those receipts, subject to conditions that the Board not engage in commercial activity, maintain unchanged activities and income nature, and file returns under clause (g) of sub-section (4C) of section 139.