U/s 10(46) of IT Act 1961 - Central Government notifies ‘Bangalore Water Supply and Sewerage Board’ a Board constituted by the Government of Karnataka in respect of the specified income arising to that Board - 56/2019 - Income Tax Act, 1961
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Notification under section 10(46) exempts specified income of Bangalore Water Supply and Sewerage Board, subject to compliance conditions. Notification under section 10(46) designates Bangalore Water Supply and Sewerage Board as a Government constituted Board for exemption of specified income comprising water charges, sanitary and borewell charges, special sanitary charges, meter charge, bulk water charges, rent, and interest on surplus. The exemption is conditional on the Board not engaging in commercial activity, maintaining unchanged activities and income character across the financial years, and filing returns as required by the Act.
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.
Notification under section 10(46) exempts specified income of Bangalore Water Supply and Sewerage Board, subject to compliance conditions.
Notification under section 10(46) designates Bangalore Water Supply and Sewerage Board as a Government constituted Board for exemption of specified income comprising water charges, sanitary and borewell charges, special sanitary charges, meter charge, bulk water charges, rent, and interest on surplus. The exemption is conditional on the Board not engaging in commercial activity, maintaining unchanged activities and income character across the financial years, and filing returns as required by the Act.
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