Ministry of Finance Department of Revenue Central Board of Direct Taxes

Notification u/s 10(46A) of the Income Tax Act, 1961 in the case of Lucknow Development Authority

Issue Date: 02 September 2025 Published: 02 September 2025

Gazette ID: CG-DL-E-02092025-265889 Download PDF

Back to Feed

Core Purpose

The Central Government notifies the Lucknow Development Authority for the purposes of sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961.

Detailed Summary

The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, issued Notification S.O. 4008(E) on September 2, 2025, exercising powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43 of 1961). The Central Government thereby notifies the "Lucknow Development Authority" (PAN AAALL0016F), an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 (President Act 11 of 1973), for the purposes of the said clause. This notification, also referenced as Notification No. 142 /2025/F. No. 300195/16/2024-ITA-I, is effective from the assessment year 2024-25. The effectiveness is subject to the condition that the Lucknow Development Authority continues to be an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973, with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act. An explanatory memorandum certifies that no person is adversely affected by giving retrospective effect to this notification.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-02092025-265889 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 3903] NEW DELHI, TUESDAY, SEPTEMBER 2, 2025/BHADRA 11, 1947 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 2nd September, 2025 S.O. 4008(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 the "Lucknow Development Authority” (PAN AAALL0016F) (hereinafter referred to as “the assessee”), an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 (President Act 11 of 1973), for the purposes of the said clause. 2. This notification shall be effective from the assessment year 2024-25, subject to the condition that the assessee continues to be an authority constituted the Uttar Pradesh Urban Planning and Development Act, 1973 (President's Act 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. 142 /2025/F. No. 300195/16/2024-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. 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. SARVESH KUMAR ROMAR SRIVASTAVA Digitally signed by SARVESH KUMAR SRIVASTAVA Date: 2025.09.02 21:30:09 +05'30

Never miss important gazettes

Create a free account to save gazettes, add notes, and get email alerts for keywords you care about.

Sign Up Free