Tax exemption under section 10(46): specified incomes of a pollution control board exempted subject to non commerciality and filing conditions. Notification exempts specified receipts of the West Bengal Pollution Control Board from income tax under clause (46) of section 10, listing categories such as consent and authorisation fees, monitoring and analysis fees, cess reimbursements, reimbursements under national monitoring programs, non profit sales and training fees, interest on deposits and loans to staff, public hearing and testing fees, processing and tender fees, forfeiture of bank guarantees and miscellaneous non-commercial receipts. The exemption is conditional on non-commercial activity, unchanged nature of incomes across years, and prescribed filing of income tax return, and is retrospective to assessment year 2015-16.
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.
Tax exemption under section 10(46): specified incomes of a pollution control board exempted subject to non commerciality and filing conditions.
Notification exempts specified receipts of the West Bengal Pollution Control Board from income tax under clause (46) of section 10, listing categories such as consent and authorisation fees, monitoring and analysis fees, cess reimbursements, reimbursements under national monitoring programs, non profit sales and training fees, interest on deposits and loans to staff, public hearing and testing fees, processing and tender fees, forfeiture of bank guarantees and miscellaneous non-commercial receipts. The exemption is conditional on non-commercial activity, unchanged nature of incomes across years, and prescribed filing of income tax return, and is retrospective to assessment year 2015-16.
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