https://www.taxtmi.com/highlights?id=96232 Notification notifies a specified development authority as an authority for the purposes of clause 46A of section 10 of the Income-tax Act, thereby exempting its specified income; the exemption is made effective from assessment year 2025-26 subject to the condition that the authority continues to be constituted under the State urban planning and development statute and retains one or more of the purposes specified in the clause, and the notification is issued by the Central Board of Direct Taxes. The explanatory memorandum certifies that retrospective effect to the year of application does not adversely affect any person. en-us Wed, 21 Jan 2026 13:55:11 +0530 Wed, 21 Jan 2026 13:55:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=96232 Notification notifies a specified development authority as an authority for the purposes of clause 46A of section 10 of the Income-tax Act, thereby exempting its specified income; the exemption is made effective from assessment year 2025-26 subject to the condition that the authority continues to be constituted under the State urban planning and development statute and retains one or more of the purposes specified in the clause, and the notification is issued by the Central Board of Direct Taxes. The explanatory memorandum certifies that retrospective effect to the year of application does not adversely affect any person. Highlights Income Tax Wed, 21 Jan 2026 13:55:11 +0530 https://www.taxtmi.com/highlights?id=96232