Karnataka State Pollution Control Board granted income tax exemption under section 10(46) for pollution control activities

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....The Central Government notified the Karnataka State Pollution Control Board for income tax exemption under section 10(46) of the Income-tax Act, 1961 through Notification No. 71/2025. The exemption covers specified income including consent fees, water and air analysis charges, environmental compensation fees, grants from government agencies, interest income, and miscellaneous income related to pollution control activities. The exemption is conditional upon the Board not engaging in commercial activities, maintaining unchanged activities and income nature, and filing returns under section 139(4C)(g). The notification applies retrospectively to assessment years 2024-25 to 2025-26 and prospectively to assessment years 2026-27 to 2028-29, with the government certifying no adverse impact from retrospective application.....