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<h1>Bhadohi Industrial Development Authority's Income Exempt u/s 10(46) for FY 2020-2023, No Commercial Activity Allowed.</h1> The Central Government has notified that the Bhadohi Industrial Development Authority, constituted by the Uttar Pradesh state government, is exempt from certain income under Section 10(46) of the Income-tax Act, 1961. The specified exempt income includes money from land disposal or lease, lease rent, fees, interest, penalties, municipal charges, and interest earned on these amounts. The exemption is effective for the financial years 2020-2021 to 2022-2023, provided the Authority does not engage in commercial activities, maintains the nature of its income, and files income returns as required. The notification has no adverse retrospective impact on any person.