Tax exemption for pollution control board: specified environmental fees exempted subject to non-commercial activity and filing conditions. The Central Government exempts specified income of the Karnataka State Pollution Control Board under clause (46) of section 10, comprising consent fees, water and air analysis charges, environmental compensation, other environment related fees notified by competent authorities, government grants/subsidies/reimbursements, interest on such receipts, and miscellaneous incidental receipts. The exemption is conditional on the Board not undertaking commercial activity, maintaining unchanged activities and specified income character across financial years, and filing returns as required by clause (g) of sub section (4C) of section 139.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption for pollution control board: specified environmental fees exempted subject to non-commercial activity and filing conditions.
The Central Government exempts specified income of the Karnataka State Pollution Control Board under clause (46) of section 10, comprising consent fees, water and air analysis charges, environmental compensation, other environment related fees notified by competent authorities, government grants/subsidies/reimbursements, interest on such receipts, and miscellaneous incidental receipts. The exemption is conditional on the Board not undertaking commercial activity, maintaining unchanged activities and specified income character across financial years, and filing returns as required by clause (g) of sub section (4C) of section 139.
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