Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filing.

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....Delhi Pollution Control Committee is notified for exemption of specified income under section 10(46) of the repealed Income-tax Act, 1961, preserved for relevant proceedings by the transitional provisions of the Income-tax Act, 2025. Exempt income includes government grants or subsidies, statutory consent, licence and application fees, environmental penalties and fines, and interest on surplus-fund deposits or investments. The exemption applies only if the Committee undertakes no commercial activity, retains the same activities and income character, and files its income return as required. Non-compliance may trigger penal action and withdrawal of the exemption. The notification applies to the specified assessment years from 2024-25 through 2026-27.....