https://www.taxtmi.com/highlights?id=101858 Delhi Pollution Control Committee is notified for exemption of specified income under section 10(46) of the repealed Income-tax Act, 1961, preserved for relevant proceedings by the transitional provisions of the Income-tax Act, 2025. Exempt income includes government grants or subsidies, statutory consent, licence and application fees, environmental penalties and fines, and interest on surplus-fund deposits or investments. The exemption applies only if the Committee undertakes no commercial activity, retains the same activities and income character, and files its income return as required. Non-compliance may trigger penal action and withdrawal of the exemption. The notification applies to the specified assessment years from 2024-25 through 2026-27. en-us Sat, 18 Jul 2026 13:41:27 +0530 Sat, 18 Jul 2026 13:41:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=101858 Delhi Pollution Control Committee is notified for exemption of specified income under section 10(46) of the repealed Income-tax Act, 1961, preserved for relevant proceedings by the transitional provisions of the Income-tax Act, 2025. Exempt income includes government grants or subsidies, statutory consent, licence and application fees, environmental penalties and fines, and interest on surplus-fund deposits or investments. The exemption applies only if the Committee undertakes no commercial activity, retains the same activities and income character, and files its income return as required. Non-compliance may trigger penal action and withdrawal of the exemption. The notification applies to the specified assessment years from 2024-25 through 2026-27. Highlights Income Tax Sat, 18 Jul 2026 13:41:27 +0530 https://www.taxtmi.com/highlights?id=101858