Income-tax exemption under section 10(46A) notified for an industrial development authority, subject to statutory purpose conditions. Notification grants income-tax exemption under clause (46A) of section 10 to New Okhla Industrial Development Authority, constituted under the Uttar Pradesh Industrial Area Development Act, 1976, and identifies the assessee by PAN. The exemption is effective from the assessment year 2024-2025 and is subject to the continuing condition that the authority retains one or more purposes specified in sub-clause (a) of clause (46A).
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Provisions expressly mentioned in the judgment/order text.
Income-tax exemption under section 10(46A) notified for an industrial development authority, subject to statutory purpose conditions.
Notification grants income-tax exemption under clause (46A) of section 10 to New Okhla Industrial Development Authority, constituted under the Uttar Pradesh Industrial Area Development Act, 1976, and identifies the assessee by PAN. The exemption is effective from the assessment year 2024-2025 and is subject to the continuing condition that the authority retains one or more purposes specified in sub-clause (a) of clause (46A).
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