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of <h1>Mysore Palace Board Granted Tax Exemption Under Section 10(46) for Specified Income Sources and Activities</h1> The Central Government notifies the Mysore Palace Board as exempt from income tax under Section 10(46) of the Income Tax Act for specified income sources including property proceeds, fees, rent, and bank interest. The exemption is subject to conditions that the Board does not engage in commercial activities, maintains consistent income nature, and files income returns. The notification applies retrospectively for assessment years 2024-25 to 2025-26 and prospectively for 2026-27 to 2028-29.
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