Tax Exemption Notification: Capital Asset Transfer from NPCIL to ASHVINI
Notification u/s 47 of the Income Tax Act, 1961 r.w.s 536(2) of the Income Tax Act, 2025 for transfer of capital asset from Nuclear Power Corporation of India Limited (NPCIL), being transferor public sector company, to Anushakti Vidhyut Nigam Limited (ASHVINI)
The Gazette of India
CG-DL-E-17072026-274590
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 3771] NEW DELHI, FRIDAY, JULY 17, 2026/ASHADHA 26, 1948
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 17th July, 2026
S.O. 3935(E).— In exercise of the powers conferred by clause (viiaf) to section 47 of the Income-tax Act,
1961 read with section 536(2) of the Income-tax Act, 2025, the Central Government hereby notifies the transfer of
capital asset from Nuclear Power Corporation of India Limited (‘NPCIL’) (PAN:AAACN3154F), being transferor
public sector company, to Anushakti Vidhyut Nigam Limited (‘ASHVINI’) (PAN: AAJCA9421F), being transferee
public sector company, under the plan approved by the Central Government on 15th day of October, 2025, for the
purposes of the said clause.
2. This notification shall apply in relation to the year of transfer, Financial Year 2025-26 (Assessment Year 2026-27).
[Notification No. 91/2026-CBDT/F. No. 225/139/2025-ITA.II]
Dr. INDU BALA, Dy. Secy.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect (from the financial year
of transfer) to this notification.
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