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of <h1>Tax exemption under section 10(46) for pollution control board revenues, subject to non-commercial activities and section 139(4C)(g) return compliance</h1> The Central Government, under section 10(46) of the Income-tax Act, 1961, grants tax exemption to a state pollution control board in Odisha on specified income, including statutory consent and authorization fees under pollution control laws, penalties and levies, grants-in-aid from governments, grants as a nodal agency, contributions for environmental studies and research, various miscellaneous receipts (such as sale of scrap, tender and examination fees, analysis charges, forfeiture of bank guarantee, and other statutory recoveries), and interest on these incomes. The exemption applies for financial years 2023-24 to 2027-28, subject to the board not undertaking commercial activities, maintaining unchanged activities and income nature, and filing returns under section 139(4C)(g).
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