Granting Tax Exemption to Odisha Joint Entrance Examination Committee (PAN: AAAGO0158G) in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section section 536(2)(a) to (c) and (e) of the Income-tax Act, 2025

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 109/2026 New Delhi, the 4th August, 2026. S.O. 4321(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 ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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 1^st 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 proce....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ody established by the Government of Odisha, in respect of the following specified income arising to that body, namely:- (a) Examination Fees collected from candidates; (b) Counselling and application processing fees; and (c) Interest earned on bank deposits. 2. This notification shall be effective subject to the conditions that Odisha Joint Entrance Examination Commi....