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    <title>U/s 10(46) of the Income-tax Act, 1961 Central Government notifies ‘Petroleum and Natural Gas Regulatory Board’, New Delhi, a Board constituted by the Government of India, in respect of the specified income arising to the said Board</title>
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    <description>Notification under clause (46) of section 10 designates Petroleum and Natural Gas Regulatory Board, New Delhi, as exempt in respect of specified income comprising Central Government grants, other grants, fees and penalties, sums approved under its constitutive statute, and interest on deposits, subject to conditions that the Board shall not engage in commercial activity, that its activities and the nature of specified income remain unchanged across the relevant financial years, and that it files income-tax returns in accordance with the prescribed provision.</description>
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      <description>Notification under clause (46) of section 10 designates Petroleum and Natural Gas Regulatory Board, New Delhi, as exempt in respect of specified income comprising Central Government grants, other grants, fees and penalties, sums approved under its constitutive statute, and interest on deposits, subject to conditions that the Board shall not engage in commercial activity, that its activities and the nature of specified income remain unchanged across the relevant financial years, and that it files income-tax returns in accordance with the prescribed provision.</description>
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