Tax exemption for specified income of Agra Development Authority notified; effective AY 2024-25 subject to statutory purpose condition

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Full Text of the Document

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....Notification notifies Agra Development Authority as an authority eligible for tax exemption on specified income under clause 46A of section 10 of the Income-tax Act, effective from assessment year 2024-25, conditional on the authority continuing to be constituted under the Uttar Pradesh Urban Planning and Development Act with one or more purposes listed in the provision; the notification is issued by the Central Government/CBDT and excludes identification details. An explanatory memorandum records that retrospective effect is certified not to adversely affect any person.....