The Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) has issued Notification S.O. 5599(E) on December 4th, 2025, in New Delhi. The notification, issued under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961, notifies "Jalandhar Development Authority" (PAN: AAALC0454G) as an authority constituted under the Punjab Regional and Town Planning and Development Act, 1995 (Punjab Act No. 11 of 1995). This notification is effective from the assessment year 2024-25, provided that the assessee remains an authority under the same Punjab Act, with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act. The notification number is 167 /2025/F.No.300195/18/2024-ITA-I, and it is certified that no person is being adversely affected by giving retrospective effect to this notification. Hardev Singh, Under Secretary.
Key Entities Referenced
Income-tax Act, 1961: Act mentioned in the notification's scope.
Jalandhar Development Authority: Authority being notified under the Income-tax Act.
Punjab Regional and Town Planning and Development Act, 1995: Act under which the Jalandhar Development Authority is constituted.
Ministry of Finance: Issuing authority of the notification.
2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
2. यह अजधसूचना कर जनधाडरण िर्ड 2024-25 स ेप्रभािी होगी, बिते दक जनधाडररती पंिाब क्षेत्रीय तथा नगर जनयोिन
एिं जिकास अजधजनयम, 1995 (िर्ड 1995 का पंिाब अजधजनयम संख्या 11) के तहत गरित एक प्राजधकरण बना रहगे ा,
जिसका आयकर अजधजनयम की धारा 10 के खडं (46क) के उप-खंड (क) में जनर्िष्टड एक या एक से अजधक प्रयोिन ह।ैं
[अजधसूचना स.ं 167 /2025/फा. सं. 300195/18/2024-आईटीए-I]
हरिेि ससंह, अिर 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 December, 2025
S.O. 5599(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 “Jalandhar Development Authority" (PAN: AAALC0454G) (hereinafter referred to as “the assessee”), an
authority constituted under the Punjab Regional and Town Planning and Development Act, 1995 (Punjab Act No. 11 of
1995), 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 an authority constituted under the Punjab Regional and Town Planning and Development Act, 1995
(Punjab Act No. 11 of 1995), 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. 167 /2025/F.No.300195/18/2024-ITA-I]
HARDEV SINGH, Under Secy.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
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