The Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, issued Notification S.O. 5006(E) in New Delhi on November 4, 2025, notifying 'Karnataka Housing Board' (PAN: AAAJK0398K) as the assessee. This notification is issued in exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961. The notification is effective from the assessment year 2024-25, contingent on the assessee continuing to be a board constituted under the Karnataka Housing Board Act, 1962 (Act No. 10 of 1963) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act. Notification No. is 156/2025/F. No. 300195/11/2024-ITA-I. Meenakshi Singh, Dy. Secry. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. It is certified that no person is being adversely affected by giving retrospective effect to this notification.
Key Entities Referenced
Income-tax Act, 1961: Governing law for income tax in India, referenced in the notification
Karnataka Housing Board: Entity being notified under the Income-tax Act
Karnataka Housing Board Act, 1962: Act under which the Karnataka Housing Board is constituted
Ministry of Finance: Issuing authority for the notification
2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
2. यह अजधसूचना जनधारड ण िर्ड 2024-2025 से प्रभािी होगी, बिते दक करिाता आयकर अजधजनयम की धारा 10 के खंड
(46क) के उपखडं (क) में जनर्िडष्ट एक या अजधक प्रयोिनों के साथ कनाडटक आिास बोड ड अजधजनयम, 1962 (1963 का
अजधजनयम संख्या 10) के तहत गरित बोड डबना रह।े
[अजधसूचना स.ं 156 /2025/फा. सं. 300195/11/2024-आईटीए-I]
मीनाक्षी ससंह, उप सजचि
व्याख्यात्मक ज्ञापन
यह प्रमाजणत दकया िाता ह ैदक इस अजधसूचना को पूिडव्यापी प्रभाि िेने से दकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पडगे ा।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 4th November, 2025
S.O. 5006(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the
Income-tax Act, 1961 (43 of 1961), (hereinafter referred to as “the Income-tax Act”), the Central Government hereby
notifies ‘Karnataka Housing Board’ (PAN: AAAJK0398K) (hereinafter referred to as “the assessee”), a board
constituted under the Karnataka Housing Board Act, 1962 (Act No. 10 of 1963), for the purposes of the said clause.
2. This notification shall be effective from the assessment year 2024-25, subject to the condition that the assessee
continues to be a board constituted under the Karnataka Housing Board Act, 1962 (Act No. 10 of 1963) with one or
more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.
[Notification No. 156/2025/F. No. 300195/11/2024-ITA-I]
MEENAKSHI SINGH, Dy. Secry.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.