Tax exemption under section 10(46A) granted to Greater Ludhiana Area Development Authority, effective from the specified assessment year. Notification designates Greater Ludhiana Area Development Authority as eligible for the tax exemption under clause (46A) of section 10, effective from the assessment year 2024-2025, conditional on its continuing constitution under the Punjab Regional and Town Planning and Development Act, 1995 and its continued fulfillment of one or more purposes specified in sub clause (a) of clause (46A); explanatory memorandum certifies no person is adversely affected by retrospective effect.
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Tax exemption under section 10(46A) granted to Greater Ludhiana Area Development Authority, effective from the specified assessment year.
Notification designates Greater Ludhiana Area Development Authority as eligible for the tax exemption under clause (46A) of section 10, effective from the assessment year 2024-2025, conditional on its continuing constitution under the Punjab Regional and Town Planning and Development Act, 1995 and its continued fulfillment of one or more purposes specified in sub clause (a) of clause (46A); explanatory memorandum certifies no person is adversely affected by retrospective effect.
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