Exemption from specified income U/s 10(46) of IT Act 1961 - “Karnataka State Pollution Control Board”
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.... of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, "Karnataka State Pollution Control Board", Bengaluru (PAN- AAALK0537G), a Board constituted by the State Government of Karnataka under Water (Prevention and Control of Pollution) Act, 1974 (6 of 1974), in respect of the following specified income arising to the said Board, namely:....
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....(v) Grants/Subsidy/financial assistance/reimbursements by whatever name called received from the Central Government, State Government, Central Pollution Control Board or from any other Govt. agencies/departments on account of relevant activities notified the concerned Govt. department. (vi) Interest income arising out of above. (vii) Miscellaneous income incidental to the core-activities i.e. ....