Ministry of Finance Department of Revenue Central Board of Direct Taxes

Notification u/s 10(46) of the Income Tax Act, 1961 in the case of The Commissioners for the Rabindra Setu, Kolkata

Issue Date: 02 September 2025 Published: 02 September 2025

Gazette ID: CG-DL-E-02092025-265893 Download PDF

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Core Purpose

The Central Government notifies 'The Commissioners for the Rabindra Setu' Kolkata for income tax exemption under clause (46) of section 10 of the Income-tax Act, 1961, for specific income types.

Detailed Summary

The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, issued Notification S.O. 4009(E) on September 2, 2025, in New Delhi. This notification, exercising powers under clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), designates 'The Commissioners for the Rabindra Setu' Kolkata (PAN AABTT2734P) for exemption from income tax for specified income. This body was established under the Howrah Bridge (Amendment) Act, 1965 (West Bengal Act XII of 1965). The exempted income categories include: (a) Proceeds from Taxes of Municipalities / Municipal Corporation and Railways; (b) Miscellaneous income from Rental and Maintenance charge, income for laying optical fibre cable, way leave rent, Damage cost recoverable; and (c) Interest earned on bank deposits. The exemption is conditional upon the body not engaging in commercial activity, maintaining unchanged activities and nature of specified income throughout the financial years, and filing returns of income as per clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961. This notification is deemed effective retrospectively for assessment years 2024-25, 2025-26, 2026-27, 2027-28, and 2028-29, corresponding to financial years 2023-24, 2024-25, 2025-26, 2026-27, and 2027-28, respectively. The notification number is 143/2025/F. No. 300196/12/2025-ITA-I, signed by Meenakshi Singh, Dy. Secy. An Explanatory Memorandum certifies no adverse effect from the retrospective application.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-02092025-265893 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 3904] NEW DELHI, TUESDAY, SEPTEMBER 2, 2025/BHADRA 11, 1947 5855 GI/2025 (1) 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 2nd September, 2025 S.O. 4009(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, 'The Commissioners for the Rabindra Setu' Kolkata, (PAN AABTT2734P), a body established under the Howrah Bridge (Amendment) Act, 1965 (West Bengal Act XII of 1965), in respect of the following specified income arising to that body, namely: (a) Proceeds from Taxes of Municipalities / Municipal Corporation and Railways; (b) Miscellaneous income from Rental and Maintenance charge, income for laying optical fibre cable, way leave rent, Damage cost recoverable; and (c) Interest earned on bank deposits. 2. This notification shall be effective subject to the conditions that 'The Commissioners for the Rabindra Setu' Kolkata: - (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. 3. This notification shall be deemed to have been applied for assessment years 2024-25, 2025-26, 2026-27, 2027- 28 & 2028-29 relevant to financial years 2023-24, 2024-25, 2025-26, 2026-27 & 2027-28 respectively. [Notification No. 143/2025/F. No. 300196/12/2025-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 SRIVASTAVA Date: 2025.09.02 21:17:45+0530

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