Notification section 536 (1) of the Income Tax Act, 2025 (30 of 2025) in the case of Noida Special Economic Zone Authority
The Gazette of India
CG-DL-E-04082026-275173
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 4142] NEW DELHI, TUESDAY, AUGUST 4, 2026/SHRAVAN 13, 1948
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 4th August, 2026.
S.O. 4318(E).— Whereas, section 10 (46) of the Income-tax Act, 1961 (43 of 1961) provided for
exemption of specified income of certain bodies or authorities or Boards or Trusts or Commissions as may
be notified by the Central Government in the Official Gazette for the purposes of that section;
And whereas, the Income-tax Act, 1961 (43 of 1961) was repealed by section 536 (1) of the
Income-tax Act, 2025 (30 of 2025);
And whereas, section 536(2)(a) and (b) of the Income-tax Act, 2025 (30 of 2025), inter alia,
provides that irrespective of the repeal of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as
the Act of 1961) and subject to sub-section (4) thereof, nothing shall affect-
(i) the previous operation of the provisions of the Act of 1961 and any order or anything duly done
or suffered thereunder; or
(ii) any right, privilege, obligation or liability acquired, accrued or incurred under the Act of 1961
or orders under that Act;
And whereas, section 536(2)(c) of the Income-tax Act, 2025 (30 of 2025) provides that the
provisions of the Act of 1961 shall continue to apply to any proceeding pending on the date of
commencement of the Income-tax Act, 2025 (30 of 2025) and to any proceedings initiated on or after the
st April, 2026 (including notices, assessment, reassessment, recomputation, rectification, penalty,
reference, revision and appeals) in respect of any tax year beginning before the 1st April, 2026 and such
proceedings shall be carried out as per the procedure specified in the Act of 1961;
And whereas, section 536(2)(e) of the Income-tax Act, 2025 (30 of 2025) provides that any
proceeding pending on the date of its commencement before any income-tax authority or any other
authority constituted under the repealed Income-tax Act, Appellate Tribunal, or any court, by way of
application, appeal, reference or revision or by any other means, shall be continued and disposed of as if
this Act had not been enacted;
Now, therefore, in pursuance of the provisions of section 536(2)(a) to (c) and (e) of the Income-tax
Act, 2025 (30 of 2025), the Central Government hereby notifies, for the purposes of section 10 (46) of the
Act of 1961, ‘Noida Special Economic Zone Authority’ (PAN: AAALN0639A), an Authority constituted
by the Government of India, in respect of the following specified income arising to that authority, namely:-
(a) Lease rent;
(b) Interest from banks on FDRS;
(c) Receipts from I Card and permit Fee;
(d) Allotment fee in respect of standard design factories;
(e) Auction/Bid amount in respect of plots/Buildings which fall vacant;
(f) Transfer charges in respect of plot/building;
(g) Fee for issue of Form-I for exemption of building plans;
(h) Processing fee for approval of building plans;
(i) Site usage charges from service providers; and
(j) From the sale of miscellaneous scrap/waste.
2. This notification shall be effective subject to the conditions that the Noida Special Economic Zone
Authority –
(a) shall not engage in any commercial activity;
(b) its 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 provisions of section 139(4C) (g) of the Act of
1961.
3. Failure to comply with these conditions shall result in the initiation of penal actions under the provisions
of the Act of 1961, and withdrawal of exemption granted under section 10(46) of the Act of 1961.
4. This notification shall be deemed to have been applied for assessment years 2019-2020 to 2023-24
relevant for the financial years 2018-19 to 2022-2023.
[Notification No. 106 /2026 /F. No. 300196/65/2018-ITA-I]
HARDEV SINGH, Under Secy.
Explanatory Memorandum
It is certified that the interests of no person are being adversely affected by giving retrospective effect [with
effect from the year of application filed before the Board or Income-tax Department] to this notification.
Download PDF Click here
Read more
for more refer Gazette website click here
for more refer YouTube Subscribe website click here