Govt exempts specified income of Kalyan Karnataka Region Development Board from tax u/s 10(46) for FY22-23 & FY23-24. Conditions apply.

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....Notification exempting specified income of 'Kalyan Karnataka Region Development Board' (PAN AAAGH0732F), a Board constituted by Karnataka Government, from income tax u/s 10(46) of Income Tax Act, 1961. Exempted incomes: grants from Karnataka Government, interest on bank deposits. Conditions: no commercial activity, unchanged activities and income nature, filing return u/s 139(4C)(g). Retrospective application for assessment years 2022-23 and 2023-24. No adverse effect to any person.....