Tax exemption under section 10(46A): Kanpur Development Authority notified as exempt authority effective assessment year 2024-25. The Central Government notifies Kanpur Development Authority, constituted under the Uttar Pradesh Urban Planning and Development Act, as an exempt authority under the specified clause of the Income-tax Act, effective from assessment year 2024-2025, subject to its continuing status under the state urban planning statute and carrying one or more specified purposes required for eligibility; an explanatory memorandum certifies no person is adversely affected by retrospective effect.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 10(46A): Kanpur Development Authority notified as exempt authority effective assessment year 2024-25.
The Central Government notifies Kanpur Development Authority, constituted under the Uttar Pradesh Urban Planning and Development Act, as an exempt authority under the specified clause of the Income-tax Act, effective from assessment year 2024-2025, subject to its continuing status under the state urban planning statute and carrying one or more specified purposes required for eligibility; an explanatory memorandum certifies no person is adversely affected by retrospective effect.
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