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<h1>SAMEER, Mumbai exempted from specified income u/s 10(46) of Income-tax Act for 2020-2025, with conditions.</h1> The Central Government has issued a notification exempting the Society for Applied Microwave Electronics Engineering & Research (SAMEER), Mumbai, from specified income under section 10(46) of the Income-tax Act, 1961. The exemption applies to income from grants, fees for services, design and development charges, royalty, technology transfer, miscellaneous income, and bank deposit interest. The exemption is subject to conditions that SAMEER does not engage in commercial activities, maintains the nature of its income, and files income returns as required. This applies retrospectively for assessment years 2021-2022 to 2025-2026, covering financial years 2020-2021 to 2024-2025.