**Executive Summary**
This notification, issued by the Ministry of Finance on December 15, 2025, concerns the income of the "New Okhla Industrial Development Authority," an authority constituted by the State Government of Uttar Pradesh. It notifies specific income arising to the Commission as tax-exempt under clause (46) of section 10 of the Income-tax Act, 1961. The notification has retrospective effect for assessment years 2012-2013 to 2015-2016 and financial years 2011-2012 to 2014-2015, in compliance with a Delhi High Court decision dated July 11, 2024.
**Key Points / Main Content**
* **Tax Exemption:**
* The notification grants tax exemption for specified income arising to the "New Okhla Industrial Development Authority."
* The exemption is under clause (46) of section 10 of the Income-tax Act, 1961.
* **Income Covered:**
* Grants received from the State Government.
* Money from disposal of land, buildings, and other movable/immovable properties.
* Money from renting buildings and other movable/immovable properties.
* Interest and dividend earned.
* Fees, tolls, and charges under the Uttar Pradesh Industrial Area Development Act, 1976.
* **Conditions for Effectiveness:**
* The Authority shall not engage in any commercial activity.
* Activities and the nature of the specified income must remain unchanged throughout the financial years.
* The Authority must file income tax returns as per clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.
* **Effective Period:**
* Deemed to have been applied for assessment years 2012-2013 to 2015-2016.
* Applies to financial years 2011-2012 to 2014-2015.
**Impact Analysis**
**New Okhla Industrial Development Authority**
* **Impact:** Specified income is exempt from income tax, provided conditions are met.
* **Action Required:** Ensure compliance with the conditions to maintain the tax-exempt status (no commercial activity, unchanging income nature, file tax returns).
**Central Government (Tax Authorities)**
* **Impact:** Must administer the tax exemption according to the terms of the notification.
* **Action Required:** Implement the notification and monitor compliance by the "New Okhla Industrial Development Authority."
**State Government of Uttar Pradesh**
* **Impact:** Grants provided to the New Okhla Industrial Development Authority are now tax exempt.
* **Action Required:** None specified in this notification.
**Stakeholders (Public)**
* **Impact:** No person is being adversely affected by giving retrospective effect to this notification.
* **Action Required:** None.
Key Entities Referenced
Income-tax Act, 1961: The primary law under which the notification is issued, specifying tax regulations and exemptions.
New Okhla Industrial Development Authority: An authority constituted by the State Government of Uttar Pradesh that is the recipient of the tax exemptions described in the notification.
Uttar Pradesh Industrial Area Development Act, 1976: The act under which the New Okhla Industrial Development Authority collects fees, tolls, and charges.
Ministry of Finance: The issuing ministry for the notification, specifically the Department of Revenue (Central Board of Direct Taxes).
Uttar Pradesh: The state where the New Okhla Industrial Development Authority is located.
2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
2. यह अजधसूचना इन ितों के अधीन प्रभािी होगी दक 'न्द्य ूओखला औद्योजगक जिकास प्राजधकरण, -
(क) दकसी भी िाजणजज्यक गजतजिजध में संलग्न नहीं होगा ;
(ख) गजतजिजधयााँ और जनर्िष्टड आय की प्रकृजत पूरे जित्तीय िर्ड में अपठरिर्तडत रहगे ी; तर्ा
(ग) आयकर अजधजनयम, 1961 की धारा 139 की उपधारा (4ग) के खंड (छ) के प्रािधान के अनसु ार आयकर
जििरणी िाजखल करेगा ।
3. यह अजधसूचना जित्तीय िर्ों 2011-12, 2012-13, 2013-14 और 2014-15 के जलए प्रासंजगक जनधाडरण िर्ों
2012-13, 2013-14, 2014-15 और 2015-2016 के जलए लाग ूमानी िाएगी।
[अजधसूचना स.ं171/2025/फा. स.ं 196/83/2024-आईटीए-I]
हरिेि ससंह, अिर सजचि
व्याख्यात्मक ज्ञापन
यह प्रमाजणत दकया िाता ह ैदक इस अजधसूचना को पूिडव्यापी प्रभाि िेने स ेदकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पडगे ा।
यह अजधसूचना डब्ल्यपू ी.(सी) संख्या 4711/2021 के संबंध म ेंमाननीय दिल्ली उच्च न्द्यायालय के दिनांक 11.07.2024 के
फैसले के अनुपालन म ें ह।ै
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.[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3
3. This notification shall be deemed to have been applied for the period of assessment years 2012-2013, 2013-
2014, 2014-2015, 2015-2016 and shall apply with respect to the financial years 2011-2012, 2012-2013, 2013-2014 and
2014-2015.
[Notification No. 171 /2025/F. No. 196/83/2024-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. The notification
in compliance of decision dated 11.07.2024 of Hon’ble Delhi High Court in W.P.(C) No. 4711/2021.
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.