Exemption from specified income granted to Karnataka Urban Water Supply and Drainage Board, subject to non-commerciality and filing conditions. Notification under clause (46) of section 10 grants exemption to Karnataka Urban Water Supply and Drainage Board for specified income comprising establishment, administrative, supervision, water charges and rent; forfeiture of earnest money deposit; penalty, sale of scrap, storage and survey charges; and interest on bank deposits, subject to conditions that the Board shall not engage in commercial activity, activities and specified income remain unchanged across financial years, and the Board files its return of income as required.
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.
Exemption from specified income granted to Karnataka Urban Water Supply and Drainage Board, subject to non-commerciality and filing conditions.
Notification under clause (46) of section 10 grants exemption to Karnataka Urban Water Supply and Drainage Board for specified income comprising establishment, administrative, supervision, water charges and rent; forfeiture of earnest money deposit; penalty, sale of scrap, storage and survey charges; and interest on bank deposits, subject to conditions that the Board shall not engage in commercial activity, activities and specified income remain unchanged across financial years, and the Board files its return of income as required.
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