Ministry of Finance Department of Revenue Central Board of Direct Taxes

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

Issue Date: 21 August 2025 Published: 21 August 2025

Gazette ID: CG-DL-E-21082025-265600 Download PDF

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Core Purpose

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

Detailed Summary

The Ministry of Finance (Department of Revenue), through the Central Board of Direct Taxes, issued Notification S.O. 3838(E) on August 21, 2025, in exercise of powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43 of 1961). This notification formally designates the Kanpur Development Authority (PAN: AAALK0324M), an entity constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 (President Act 11 of 1973), for the purposes of the said clause. The notification is effective from the assessment year 2024-2025, contingent on the assessee's continued status as an authority under the Uttar Pradesh Urban Planning Development Act, 1973, and fulfilling one or more 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 the retrospective effect of this notification. The notification reference number is 137/2025/F. No. 300195/25/2024-ITA-I.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-21082025-265600 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 3733] NEW DELHI, THURSDAY, AUGUST 21, 2025/SHRAVANA 30, 1947 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 21st August, 2025 S.O. 3838(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 Kanpur Development Authority (PAN: AAALK0324M) (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 2024-2025, subject to the condition that the assessee continues to be an authority constituted under the Uttar Pradesh Urban Planning 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. 137/2025/F. No. 300195/25/2024-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. AMIT KUMAR JAISWAL Digitally signed by AMIT KUMAR JAISWAL Date: 2025.08.21 19:40:51 +05'30'

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