Notification u/s 10(46) of the Income Tax Act, 1961 in the case of New Okhla Industrial Development Authority

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 15th December, 2025

S.O. 5779(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, ‘New Okhla Industrial Development Authority’ (PAN- AAALN0120A), an authority constituted by the State Government of Uttar Pradesh, in respect of the following specified income arising to that Commission, namely:-

i) Grants received from the State Government;
ii) Money received from the disposal of land, building, and other properties, movable and immovable;
iii) Money received by the way of renting the building, and other properties, movable and immovable;
iv) The amount of interest and dividend earned; and
v) All fees, tolls and charges received by the authority under the Uttar Pradesh Industrial Area
Development Act, 1976;

2. This notification shall be effective subject to the conditions that ‘New Okhla Industrial Development Authority,-

(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.

[Notification No. 171 /2025/F. No. 196/83/2024-ITA-I]