CBDT notifies exemption u/s 10(46) to Chandigarh Pollution Control Committee

The Central Board of Direct Taxes (CBDT) vide its Notification No 125/2021 [S.O. 4523(E)] dated 29th October 2021 notifies the exemption under section 10(46) of the Income Tax Act, 1961 to ‘Chandigarh Pollution Control Committee’.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 29th October, 2021

S.O. 4523(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, ‘Chandigarh Pollution Control Committee’ (PAN AAATC6094L), a body constituted under Section 4, clause (4) of the Water (Prevention and Control of Pollution) Act, 1974 (Act No.6 of 1974) and Section 6 of the Air (Prevention and Control of Pollution) Act, 1981 (Act No.14 of 1981), in respect of the following specified income arising to that body, namely:-

(a) Grant-in-aid from CPCB New Delhi;

(b) Grant-in-aid received from the Union Territory of Chandigarh Administration;

(c) Consent fees;

(d) Environment Compensation and penalties;

(e) Bio medical waste authorization fees;

(f) Bank guarantee forfeiture;

(g) Reimbursement of NAMP Project Expenses (CPCB);

(h) Stack, Analysis, Water & air testing fees;

(i) Water cess receipts;

(j) Interest income earned on (a) to (i) above.

2. This notification shall be effective subject to the conditions that Chandigarh Pollution Control Committee,-

(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 the period from 01-06-2020 to 31-03-2021 in the financial year 2020-2021 and shall apply for the financial years 2021-2022, 2022-2023, 2023-2024 and 2024-2025.

[Notification No. 125 /2021/F. No. 300196/35/2018-ITA-I]
SOURABH JAIN, Under Secy.

Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.