Income Tax Exemption for West Bengal Pollution Control Board · S.O. 4570(E)
CBDT notification S.O. 4570(E) · 18 Oct 2024
Official title
notification no. 117/2024 f. no. 00196/27/2022 ita i pt.1 / so 4570 e
Official record
Open source pageSummary
Check the official recordWhat changed
The Central Government notifies the West Bengal Pollution Control Board for income tax exemption under section 10(46) of the Income-tax Act, 1961. This exemption applies to specified income streams such as consent fees, analysis fees, and interest on deposits. The Board must not engage in commercial activity. The Board must keep its activities and the nature of its specified income unchanged. The Board must file a return of income under section 139(4C)(g). This notification applies retrospectively for the assessment year 2015-16 relevant to the financial year 2014-15.
What you must do
- The Board must file a return of income.
Key dates
- Retrospective application for assessment year 2015-16
- Not dated
Who is affected
Document text
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 18th October, 2024
S.O. 4570(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘West Bengal Pollution Control Board’ (PAN AAALW0078N), a board constituted by the Government of West Bengal in respect of the following specified income arising to that body, namely:
- (a) consent fees or no objection certificate fees;
- (b) analysis fees on air quality and water quality or noise level survey fees;
- (c) authorisation fees;
- (d) cess reimbursement and cess appeal fees;
- (e) reimbursement of the expenses received from the Central Pollution Control Board towards National Air Monitoring Program, the Monitoring of Indian National Aquatic resources and like schemes;
- (f) sale of books relating to environmental law, regulations, important judicial orders and environmental issues where no profit element is involved and the activity is not commercial in nature;
- (g) interest on deposits;
- (h) public hearing fees;
- (i) vehicle emission monitoring test fees;
- (j) fees received for processing by State Environmental Impact Assessment Authority;
- (k) fees collected for training conducted by the Environmental Training Institute of the Board where no profit element is involved and the activity is not commercial in nature;
- (l) fees received under the Right to Information Act, 2005 (22 of 2005) and appeal fees;
- (m) interest on loans and advances given to staff of the Board;
- (n) pollution cost or forfeiture of bank guarantee due to non-compliance; and
- (o) miscellaneous income including sale of old or scrap items, tender fees and other matters relating thereto, where no profit element is involved.
- This notification shall be effective subject to the conditions that West Bengal Pollution Control Board-
- (a) shall not engage in any commercial activity;
- (b) activities and the nature of the specified income shall remain unchanged throughout the financial years; and
- (c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.
- This notification shall be deemed to have been applied for assessment year 2015-16 relevant for the financial year 2014-15.
[Notification No. 117/2024/F. No. 300196/27/2022-ITA-I(Pt.1)] VIKAS SINGH, Director (ITA-I)
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.
Source details
- Source
- Central Board of Direct Taxes / Income Tax Department
- Type
- notification
- Published by source
- 18 Oct 2024
- Document number
- S.O. 4570(E)
- Issuing division
- Central Board of Direct Taxes
- Coverage area
- direct-tax