Tax exemption under section 10(46A) notified for a regional development authority, effective subject to continuation of qualifying purposes. Exemption under section 10(46A) is extended to the Greater Mohali Area Development Authority by central notification under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, identifying the assessee and its constitution under regional town planning statute. The exemption is effective from the stated assessment year and is conditional on the assessee continuing to be an authority under the regional planning legislation and retaining one or more qualifying purposes specified in sub-clause (a) of clause (46A).
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(46A) notified for a regional development authority, effective subject to continuation of qualifying purposes.
Exemption under section 10(46A) is extended to the Greater Mohali Area Development Authority by central notification under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, identifying the assessee and its constitution under regional town planning statute. The exemption is effective from the stated assessment year and is conditional on the assessee continuing to be an authority under the regional planning legislation and retaining one or more qualifying purposes specified in sub-clause (a) of clause (46A).
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
