U/s 10(46) of IT Act 1961 - Central Government notifies ‘Madhya Pradesh Pollution Control Board’ in respect of the specified income arising to that Board. - 126/2021 - Income Tax Act, 1961
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Tax exemption notification for specified public board incomes subject to non-commercial, unchanged-activity and filing conditions. Government notifies specified categories of Madhya Pradesh Pollution Control Board income as eligible for the public-body income exemption: grants and governmental assistance; consent, authorization and processing fees; analysis, monitoring and survey fees; reimbursements from central monitoring schemes; sale of non-commercial environmental literature; interest on deposits and loans to staff; public hearing, emission testing, training, RTI and appeal fees; cess reimbursements and appeal fees; and pollution cost or bank guarantee forfeitures. The notification is subject to conditions: no commercial activity, unchanged nature of activities and income, and specified return filing for the listed financial 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 notification for specified public board incomes subject to non-commercial, unchanged-activity and filing conditions.
Government notifies specified categories of Madhya Pradesh Pollution Control Board income as eligible for the public-body income exemption: grants and governmental assistance; consent, authorization and processing fees; analysis, monitoring and survey fees; reimbursements from central monitoring schemes; sale of non-commercial environmental literature; interest on deposits and loans to staff; public hearing, emission testing, training, RTI and appeal fees; cess reimbursements and appeal fees; and pollution cost or bank guarantee forfeitures. The notification is subject to conditions: no commercial activity, unchanged nature of activities and income, and specified return filing for the listed financial years.
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