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<h1>Housing board granted income tax exemption under section 10(46A) effective from assessment year 2024-25</h1> The Central Board of Direct Taxes notified a housing board under section 10(46A) of the Income Tax Act 1961 for income tax exemption. The board, constituted under state housing legislation from 1970, is granted exemption effective from assessment year 2024-25. The exemption remains valid provided the entity continues operating as a statutory board under the original act with purposes specified in the relevant income tax provision.