notification no. 150/2025 f. no. 300195/37/2024 ita i / so 4584 e notification under section 10 46a of the income tax act jhansi development authority · 08 Oct 2025

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 8th October, 2025

S.O. 4584(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43 of 1961),(hereinafter referred to as “the Income-tax Act”), the Central Government hereby notifies “Jhansi Development Authority (PAN:AAALJ0068K) (hereinafter referred to as “the assessee”), an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 (President’s Act No.11 of 1973), for the purposes of the said clause.

2. This notification shall be effective from the assessment year 2025-2026, subject to the condition that the assessee continues to be an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 (President’s Act No.11 of 1973), with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.

[Notification No. 150 /2025/F. No. 300195/37/2024-ITA-I] MEENAKSHI SINGH, Dy. Secy.

Explanatory Memorandum It is certified that no person is being adversely affected by giving retrospective effect to this notification.

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