Tax exemption for Varanasi Development Authority notified under the Income-tax Act, subject to continuing statutory conditions. The Central Government has notified Varanasi Development Authority as an authority for the purposes of clause (46A) of section 10 of the Income-tax Act, 1961, subject to the statutory framework governing such notifications. The notification is effective from assessment year 2025-26, provided the entity continues to be an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 and continues to satisfy one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10.