Tax exemption on specified income granted to a state urban development authority, effective from the stated assessment year. Notification grants a tax exemption for specified income to Ghaziabad Development Authority, recognised as an authority under the Uttar Pradesh Urban Planning and Development Act, 1973, effective from assessment year 2024-2025, conditional on continuity of its statutory authority status and retention of one or more of the specified purposes set out in the enabling clause; explanatory memorandum certifies no person is adversely affected by retrospective effect.