notification no. 65/2017 f.no.300196/10/2017 ita i / so 2276 e section 10 46 of the income tax act 1961 exemptions statutory body/authority/board/commission notified body or authority

SECTION 10(46) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - STATUTORY BODY/AUTHORITY/BOARD/COMMISSION - NOTIFIED BODY OR AUTHORITY NOTIFICATION NO. SO 2276(E) [NO.65/2017 (F.NO.300196/10/2017-ITA-I)], DATED 20-7- 2017 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 State Pollution Control Board, Odisha, a board established by the Government of Odisha, in respect of the following specified income arising to that board, namely:— (a) statutory Consent fees; (b) share of Water Cess from MOEF &CC, of Government of India; (c) penalties & Levies collected under governing statutes; (d) grant-in-aid received from Central & State Governments; (e) grant in Aid received on behalf of Central & State Governments in the capacity of nodal agency; (f) income by way of interest; (g) share of contributions received for carrying out environmental studies & research. 2. This notification shall be effective subject to the conditions that State Pollution Control Board, Odisha,— (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 financial Years 2015-2016, 2016-2017* and shall apply with respect to the Financial Years 2017-2018, 2018-2019 and 2019-2020. ---------- * It is certified that no person is being adversely affected by giving retrospective effect to this notification.