Tax exemption for Chennai Metropolitan Water Supply and Sewerage Board: specified income exempt subject to non-commerciality and compliance. Notification grants tax exemption to Chennai Metropolitan Water Supply and Sewerage Board under clause (46) of section 10 for specified income including government grants and subsidies, centage receipts from municipalities, taxes and charges, income from sale of farm produce and property rent, miscellaneous receipts such as interest on specified investments and sale of assets, and interest on bank deposits, subject to conditions prohibiting commercial activity, requiring unchanged nature of activities and income, and specified return-filing compliance.
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Tax exemption for Chennai Metropolitan Water Supply and Sewerage Board: specified income exempt subject to non-commerciality and compliance.
Notification grants tax exemption to Chennai Metropolitan Water Supply and Sewerage Board under clause (46) of section 10 for specified income including government grants and subsidies, centage receipts from municipalities, taxes and charges, income from sale of farm produce and property rent, miscellaneous receipts such as interest on specified investments and sale of assets, and interest on bank deposits, subject to conditions prohibiting commercial activity, requiring unchanged nature of activities and income, and specified return-filing compliance.
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