Notification specifying the Core Settlement Guarantee Fund set up by National Commodity Clearing Limited (NCCL) for exemption under section 10(23EE) of the Income-tax Act, 1961 for the assessment years 2019-2020 to 2026-2027.

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....(CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 78/2026 New Delhi, the 7th July, 2026 S.O. 3683(E).- Whereas, section 10(23EE) of the Income-tax Act, 1961 (43 of 1961) provided for exemption of any specified income of such Core Settlement Guarantee Fund, set up by a recognised clearing corporation in accordance with the regulations as may be notified by the Central Government in the Offi....

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....des that the provisions of the Act of 1961 shall continue to apply to any proceeding pending on the date of commencement of the Income-tax Act, 2025 (30 of 2025) and to any proceedings initiated on or after the 1st April, 2026 (including notices, assessment, reassessment, re-computation, rectification, penalty, reference, revision and appeals) in respect of any tax year beginning before the 1st Ap....

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....d (NCCL)", a recognised clearing corporation, for the purposes of section 10(23EE) of the Act of 1961, for the assessment years 2019-2020 to 2026-2027. 2. This notification shall be subject to the following conditions, namely:- (a) the Core Settlement Guarantee Fund shall furnish return of income in accordance with section 139(4C) of the Act of 1961; and (b) the National Co....