Granting Exemption to Baddi Barotiwala Nalagarh Development Authority in respect of the specified income arising to that Authority under Section 10(46) of the Income-tax Act, 1961 (AY 2024 to 2027)

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....S) NOTIFICATION NO. 83/2026 New Delhi, the 13th July, 2026 S.O. 3799(E).- Whereas, section 10(46) of the Income-tax Act, 1961 (43 of 1961) provided for exemption of specified income of certain bodies or authorities or Boards or Trusts or Commissions as may be notified by the Central Government in the Official Gazette for the purposes of that section; And whereas, the Income-tax Act, 19....

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....y 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, recomputation, rectification, penalty, reference, revision and appeals) in respect of any tax year beginning before the 1st April, 2026 and such proceedings shall be carried out as per the procedure ....

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.... Himachal Pradesh, in respect of the following specified income arising to that Authority, namely:- (a) grants received from the Central Government or the State Government of Himachal Pradesh; (b) revenue receipts under the Himachal Pradesh Town and Country Planning Act, 1977 (Himachal Pradesh Act 12 of 1977) ; and (c) interest on bank deposits. 2. This notification s....