notification no. 47/2015 f. no.196/82/2012 ita i / so 1634 e section 10 46 of the income tax act 1961 exemptions statutory body/authority/board/commission notified body or authority punjab state aids control society

2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 18th June, 2015 [No. 47/2015] S.O. 1634(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, “Punjab State AIDS Control Society”, a body constituted by the Government of Punjab, in respect of the following specified income arising to that body, namely:— (a) amount received in form of grants-in-aid from the Government of India; and (b) interest earned on grants-in-aid from the Government of India. 2. This notification shall be deemed to have been applied for the financial years 2011-12, 2012-13, 2013-14, 2014-15 and 2015-16. 3. This notification shall be effective subject to the conditions, namely, that the Punjab State AIDS Control Society:- (a) does not engage in any commercial activity; (b) its activities and the nature of the specified income remain unchanged throughout the financial years; and (c) it files return of income in accordance with the provisions of clause (g) of sub-section (4C) of Section 139 of the Income-tax Act, 1961. [F. No.196/82/2012-ITA-I] DEEPSHIKHA SHARMA, Director