Tax Exemption on Specified Income of 'Agra Development Authority' U/s 10(46A) of Income-tax Act, 1961 - 10/2026 - Income Tax

Tax exemption for Agra Development Authority effective assessment year 2024-25, subject to statutory purpose conditions.

Notifies Agra Development Authority (PAN AAALA0081F) as eligible for exemption of specified income under the Income-tax Act, on the basis that it is constituted under the Uttar Pradesh Urban Planning & Development Act. The notification is effective from assessment year 2024-25, conditional on the Authority continuing to meet the statutory purpose requirements set out in the exemption clause; an explanatory memorandum certifies no person is adversely affected by retrospective effect from the year of application.