https://www.taxtmi.com/highlights?id=96233 Notification declares Barnala Improvement Trust an authority for purposes of clause (46A) of section 10 of the Income-tax Act, entitling specified income to tax exemption; operative effect is from assessment year 2024-25, conditional on continued status as a local authority under the Punjab Town Improvement Act, 1922 and carrying one or more purposes listed in sub-clause (a) of clause (46A). The notification is accompanied by a certification that retrospective effect (from the year of application) does not adversely affect any person. en-us Wed, 21 Jan 2026 13:55:42 +0530 Wed, 21 Jan 2026 13:55:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=96233 Notification declares Barnala Improvement Trust an authority for purposes of clause (46A) of section 10 of the Income-tax Act, entitling specified income to tax exemption; operative effect is from assessment year 2024-25, conditional on continued status as a local authority under the Punjab Town Improvement Act, 1922 and carrying one or more purposes listed in sub-clause (a) of clause (46A). The notification is accompanied by a certification that retrospective effect (from the year of application) does not adversely affect any person. Highlights Income Tax Wed, 21 Jan 2026 13:55:42 +0530 https://www.taxtmi.com/highlights?id=96233