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 Greater Ludhiana Area Development Authority

Issue Date: 22 July 2025 Published: 22 July 2025

Gazette ID: CG-DL-E-22072025-264889 Download PDF

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Core Purpose

The Central Government notifies the Greater Ludhiana Area 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. 3360(E) on July 22, 2025. In exercise of powers under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government notified the "Greater Ludhiana Area Development Authority" (PAN: AAALG1055F) for the purposes of the said clause. This authority is constituted under the Punjab Regional and Town Planning and Development Act, 1995 (Punjab Act No. 11 of 1995). The notification is effective from the assessment year 2024-2025, provided the Greater Ludhiana Area Development Authority continues to operate as an authority constituted under the Punjab Regional and Town Planning and Development Act, 1995, with one or more purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act, 1961. An Explanatory Memorandum certifies that no person is adversely affected by the retrospective effect of this notification. The internal notification reference is No. 120/2025/F. No. 300195/1/2024-ITA-I, and it was signed by Meenakshi Singh, Dy. Secy.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-22072025-264889 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 3287] NEW DELHI, TUESDAY, JULY 22, 2025/ASHADHA 31, 1947 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd July, 2025 S.O. 3360(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 “Greater Ludhiana Area Development Authority” (PAN: AAALG1055F) (hereinafter referred to as "the assessee"), an authority constituted under the Punjab Regional and Town Planning and Development Act, 1995 (Punjab Act No. 11 of 1995), 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 Punjab Regional and Town Planning and Development Act, 1995 (Punjab Act No. 11 of 1995) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act, 1961. [Notification No. 120/2025/F. No. 300195/1/2024-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 A KUMAR SRIVASTAVA SRIVASTAVA Date: 2015.07.22 21:34 1:3451

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