Extension of tax exemption applicability under section 10(46) extends deemed coverage to specified financial years for prior notifications. Amendment substitutes paragraph 3 in the listed income-tax notifications to deem those notifications applicable for financial years 2020-2021 through 2024-2025 (assessment years 2021-2022 through 2025-2026), and to deem a separate notification applicable for financial years 2020-2021 through 2022-2023 (assessment years 2021-2022 through 2023-2024); the explanatory memorandum states no person is adversely affected by retrospective effect.
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Provisions expressly mentioned in the judgment/order text.
Extension of tax exemption applicability under section 10(46) extends deemed coverage to specified financial years for prior notifications.
Amendment substitutes paragraph 3 in the listed income-tax notifications to deem those notifications applicable for financial years 2020-2021 through 2024-2025 (assessment years 2021-2022 through 2025-2026), and to deem a separate notification applicable for financial years 2020-2021 through 2022-2023 (assessment years 2021-2022 through 2023-2024); the explanatory memorandum states no person is adversely affected by retrospective effect.
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