Dated December 15, 2025, Notification S.O. 5778(E) issued by the Ministry of Finance (Department of Revenue), notifies "Punjab Urban Planning And Development Authority” (PAN- AAALP0045J), constituted under the Punjab Regional and Town Planning and Development Act, 1995, under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961.
This notification is effective from the assessment year 2024-25, contingent upon the assessee's continued status as an authority under the Punjab Regional and Town Planning and Development Act, 1995, fulfilling purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act, 1961. Notification No. 172/2025/F. No. 300195/6/2024-ITA-I.
The notification clarifies that it does not adversely affect any person retroactively. It was uploaded by the Directorate of Printing at the Government of India Press, New Delhi, and published by the Controller of Publications, Delhi.
Hardeve Singh, Under Secy.
Key Entities Referenced
Income-tax Act, 1961: The main act to which this notification relates.
Punjab Urban Planning And Development Authority: The authority being notified under the Income-tax Act.
Punjab Regional and Town Planning and Development Act, 1995: Act under which the Punjab Urban Planning And Development Authority is constituted.
Ministry of Finance: The issuing ministry for the notification.
2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
2. यह अजधसूचना कर जनधारड ण िर्ड 2024-2025 से प्रभािी होगी, बित ेदक करिाता आयकर अजधजनयम, 1961 की
धारा 10 के खडं (46क) के उप-खंड (क) म ें जनर्िडष्ट एक या अजधक प्रयोिनों के साथ पंिाब क्षत्रे ीय और नगर जनयोिन और
जिकास अजधजनयम, 1995 (1995 का पंिाब अजधजनयम सं. 11) के अंतगडत गरित प्राजधकरण बना रह।े
[अजधसूचना स.ं 172/2025/फा. सं. 300195/6/2024-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 15th December, 2025
S.O. 5778(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 “Punjab Urban Planning And Development Authority” (PAN- AAALP0045J) (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, 1961.
[Notification No. 172/2025/F. No. 300195/6/2024-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.
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.