Exemption from specified income U/s 10(46) of IT Act 1961 – ‘Telangana State Pollution Control Board’

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....ise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the 'Telangana State Pollution Control Board' (PAN AAAGT0080Q), a Board constituted by the State Government of Telangana under Water (Prevention and Control of Pollution) Act, 1974 (6 of 1974), in respect of the following spe....

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.... (i) miscellaneous income like tenders fees etc.; (j) penalties for non-compliance and invoking of Bank Guarantees; and (k) interest earned on (a) to (j) above. 2. This notification shall be effective subject to the conditions that Telangana State Pollution Control Board,- (a) shall not engage in any commercial activity; (b) activities and the nature of....