Notification under clause (46) of section 10 of the Income tax Act 1961 in case of Maharashtra Council of Homoeopathy

7338 GI/202 3 (1) EXTRAORDINARY PART II —Section 3 —Sub-section ( ii) PUBLISHED BY AUTHORITY No. 4836] NEW DELHI, FRIDAY , NOVEMBER 24, 2023/ AGRAHAYANA 3, 1945 CG-DL-E-24112023-250247 CG-DL-E-24112023-250247 CG-DL-E-24112023-250247 MINISTRY OF FINANCE (Department Of Revenue ) (CENTRAL BOARD OF DIRECT TAXES ) NOTIFICATION New Delhi, the 2 4th November , 2023 S.O. 5045(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, ‘ Maharashtra Council of Homoeopathy’ (PAN AAATM8895K ), a Body estab lished under clause No 14 of the Maharashtra Homoeopathy Practitioners’ Act, 1960 by the Government of Maharashtra , in respect of the following specified income arising to the said Authority , as follows: (a) Fees received from members/doctors; (b) Fees received f rom professional seminars/conferences; and (c) Interest earned on bank deposits . 2. This notification shall be effective subject to the conditions that Maharashtra Council of Homoeopathy - (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 deem ed to have been applied for assessment year 2023 -2024 relevant fo r the financial year 2022 -2023 . [Notification No. 101/2023 /F. No. 300196/34/2022 -ITA-I] VIKAS SINGH , Director (ITA -I) Explanatory Memorandum It is certified that no person is being adversel y affected by giving retrospective effect to this notification. Uploaded by Dte. of Printing at Gove rnment of India Press, R ing Road, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.