**Executive Summary**
This notification, issued by the Central Board of Direct Taxes on August 4, 2026, grants tax exemptions to the ‘Noida Special Economic Zone Authority’ for specific income categories under the Income-tax Act, 1961. Despite the repeal of the 1961 Act by the Income-tax Act, 2025, the notification maintains legal continuity for pending proceedings and rights. The exemption is retrospectively applicable for Assessment Years 2019-2020 to 2023-24, provided the Authority adheres to specific compliance and reporting conditions.
**Key Points / Main Content**
**Legal Framework and Continuity**
* The notification is issued under Section 10(46) of the Income-tax Act, 1961, read with Section 536 of the Income-tax Act, 2025.
* Provisions of the 1961 Act continue to apply to proceedings initiated before April 1, 2026, or for tax years beginning before that date.
* Pending proceedings before any income-tax authority, tribunal, or court will continue as if the 2025 Act had not been enacted.
**Specified Exempted Income**
The exemption applies to the following income types arising to the Noida Special Economic Zone Authority:
* Lease rent and interest from banks on FDRs.
* Receipts from Identity Cards and permit fees.
* Allotment fees for standard design factories.
* Auction or bid amounts from vacant plots and buildings.
* Transfer charges for plots or buildings.
* Fees for processing and issuing Form-I for building plan exemptions.
* Site usage charges from service providers.
* Income from the sale of miscellaneous scrap or waste.
**Mandatory Conditions for Exemption**
* The Authority must not engage in any commercial activity.
* The nature of the specified income and the Authority’s activities must remain unchanged across financial years.
* The Authority is required to file income returns in accordance with Section 139(4C)(g) of the 1961 Act.
**Applicability and Penalties**
* The notification applies retrospectively to Financial Years 2018-19 through 2022-23 (Assessment Years 2019-2020 to 2023-24).
* Failure to comply with the specified conditions will result in the withdrawal of the exemption and the initiation of penal actions under the 1961 Act.
**Impact Analysis**
**Noida Special Economic Zone Authority**
**Impact**
The Authority receives a retrospective tax exemption on ten specific revenue streams for five assessment years. This provides significant tax relief and legal clarity regarding their liabilities during the transition between the 1961 and 2025 Income-tax Acts.
**Action Required**
The Authority must ensure it does not engage in commercial activities and must strictly file its returns of income as per the provisions of Section 139(4C)(g) of the 1961 Act.
**Income Tax Authorities / Central Board of Direct Taxes (CBDT)**
**Impact**
The department is provided with a clear legal mandate to process or dispose of pending assessments, appeals, or references related to the Authority for the specified years.
**Action Required**
Authorities must apply these exemption criteria to the relevant assessment years and monitor the Authority's compliance with the non-commercial activity and filing requirements to determine if penal actions or withdrawals of exemption are necessary.
Key Entities Referenced
Noida Special Economic Zone Authority: The primary entity granted tax exemptions on specified incomes, such as lease rent and interest, for assessment years 2019-20 to 2023-24.
Income-tax Act, 1961: The primary legislation under which the exemption is granted and specific compliance conditions, such as filing returns, are mandated.
Income-tax Act, 2025: The legislation that repealed the 1961 Act but ensures the continuity of certain tax-related orders, rights, and proceedings through Section 536.
Central Board of Direct Taxes (CBDT): The regulatory body under the Ministry of Finance responsible for issuing this notification to grant specific income tax exemptions.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-04082026-275173
xxxGIDHxxx
CG-DLxx-ExG-I0D4E0x8x2x0 26-275173
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 4142] नई दिल्ली, मगं लवार, अगस्ट्त 4, 2026/श्रावण 13, 1948 25/आषाढ़ 3, 1947
No. 4142] NEW DELHI, TUESDAY, AUGUST 4, 2026/SHRAVAN 13, 1948 SHADHA 3, 1947
वित्त मत्रं ालय
(राजस्ि विभाग)
(केंद्रीय प्रत्यक्ष कर बोर्ड)
अविसचू ना
नई दिल्ली, 4 अगस्त, 2026
का.आ. 4318(अ).— िहां दक, आयकर अविवनयम, 1961 (1961 का 43) की िारा 10 (46) में कजतपय
वनकायों या प्राविकरणों या बोर्ों या ट्रस्टों या आयोगों की वनर्िडष्ट आय को छूट दिये िान े का प्रावधान ह,ै जैसा भी केंद्र
सरकार द्वारा उस िारा के प्रयोजनों के वलए सरकारी राजपत्र म ें अविसूवचत दकया जाए ह;ै
और िहां दक, आयकर अविवनयम, 1961 (1961 का 43) को आयकर अविवनयम, 2025 (2025 का 30) की
िारा 536 (1) द्वारा वनरस्त कर दिया गया ह;ै
और िहां दक, आयकर अविवनयम, 2025 (2025 का 30) की िारा 536(2)(क) और (ख) म,ें अन्य बातों के साथ-
साथ, यह प्रावधान ह ै दक आयकर अविवनयम, 1961 (1961 का 43) (एतजममन् पश्चात 1961 के अविवनयम के रूप म ें
संिर्भडत) के वनरसन के बािजूि और उसकी उप-िारा (4) के अिीन रहते हुए जनम्न पर, कुछ भी प्रभाव नहीं पडेगा-
(i) 1961 के इस अविवनयम के प्राििानों का वपछला संचालन और कोई आिेश या उसके तहत विविित की गयी
या सहन की गयी या सहन की गई कोई भी बात; या
(ii) 1961 के अविवनयम या उस अविवनयम के तहत आिेशों के तहत प्राप्त, अर्जडत दकए गए कोई भी अविकार,
विशेषाविकार, बाध्यता या िावयत्ि;
6001 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
और िहां दक, आयकर अविवनयम, 2025 (2025 का 30) की िारा 536(2)(ग) म ें प्राििान ह ै दक 1961 के
अविवनयम के प्राििान आयकर अविवनयम, 2025 (2025 का 30) के प्रारंभ होने की तारीख को लंवबत दकसी भी
कायडिाही पर और 1 अप्रलै , 2026 स े पहले शरूु होने िाले दकसी भी कर िषड के संबंि म ें 1 अप्रैल, 2026 को या उसके बाि
शुरू की गई दकसी भी कायडिाही (नोटटस, मल्ू यांकन, पनु मूडल्याकं न, पुनगडणना, सुिार, जुमाडना, संिभड, संशोिन और अपील
सजहत) पर लाग ूहोंगे और ऐसी कायडिाही 1961 के अविवनयम म ें वनर्िष्टड प्रदिया के अनुसार की जाएगी;
और िहा ं दक, आयकर अविवनयम, 2025 (2025 का 30) की िारा 536(2)(अ) म ें यह प्राििान ह ै दक दकसी भी
आयकर प्राविकरण या वनरस्त आयकर अविवनयम के तहत गटित दकसी अन्य प्राविकरण, अपीलीय न्यायाविकरण, या
दकसी भी अिालत के समक्ष इसके शुरू होन े की तारीख को आिेिन, अपील, संिभ ड या संशोिन के माध्यम स े लंजबत कोई
काययवाही को उसी प्रकार, जारी रखा जाएगा और वनपटाया जाएगा जैसे दक यह अविवनयम अविवनयवमत ही न दकया गया
ह;ै
अतः, अब केंद्र सरकार आयकर अविवनयम, 2025 (2025 का 30) की िारा 536(2)(क) स े (ग) और (ङ) के
प्राििानों के अनुपालन म,ें एतद्द्वारा, 1961 के अविवनयम की िारा 10 (46) के प्रयोजनों के वलए, 'नोएर्ा विशेष आर्थडक
क्षत्रे प्राविकरण' (पैन: AAALN0639A), िो दक भारत सरकार द्वारा गटित एक प्राविकरण ह,ै को, उस प्राविकरण को
होने िाली वनम्नवलवखत विवनर्िडष्ट आय के संबंि म,ें अजधसूजित करती ह,ै यथा:-
(क) पट्टे का दकराया;
(ख) एफर्ीआरएस पर बैंकों स ेवमलने िाला ब्याज;
(ग) आई कार्ड स ेप्रावप्तयां और परवमट शल्ु क;
(घ) मानक वर्जाइन कारखानों से संबंजधत म ेंआिंटन शुल्क;
(ङ) खाली पडे भूखंर्ों/भिनों स ेसंबंजधत नीलामी/बोली रावश;
(च) भूखर्ं /भिन के संबंि म ेंस्थानांतरण प्रभार;
(छ) भिन योजनाओं की छूट के वलए फॉम-ड I जारी करने के वलए शुल्क;
(ज) भिन योजनाओं के अनुमोिन के वलए प्रसंस्करण शल्ु क;
(झ) सेिा प्रिाताओं स ेसाइट उपयोग शल्ु क; तथा
(ञ) विविि स्िैप/अपवशष्ट की वबिी स े प्राप्त आय।
2. यह अविसूचना इन शतों के अिीन प्रभािी होगी दक नोएर्ा विशेष आर्थडक क्षत्रे प्राविकरण -
(क) दकसी भी िावणवययक गवतविवि म ें संलग्न नहीं होगा;
(ख) की गवतविवियााँ और विवनर्िडष्ट आय की प्रकृवत परू े वित्तीय िषों म ेंअपटरिर्तडत रहगे ी; तथा
(ग) 1961 के अविवनयम की िारा 139 (4 ग) (छ) के प्राििानों के अनुसार आय की वििरणी िावखल करेगा।
3. इन शतों का पालन करने म ें विफलता की जस्ट्थजत म ें 1961 के अविवनयम के प्राििानों के तहत िर्ं ात्मक कारडिाई शरूु
की जाएगी, और 1961 के अविवनयम की िारा 10(46) के तहत िी गई छूट िापस ल ेली जाएगी।
4. इस अविसूचना को वित्तीय िषड 2018-19 स े 2022-2023 स े संबंजधत जनधायरण िष ड 2019-2020 स े 2023-24 के
वलए लाग ू माना जाएगा।
[अविसूचना स.ं 106 /2026 / फा.सं. 300196/65/2018-आईटीए-I]
हरिेि ससंह, अिर सवचि
स्ट्पष्टीकरण-ज्ञापन
प्रमावणत दकया जाता ह ै दक इस अविसूचना को पूिडव्यापी प्रभाि (बोर्ड या आयकर विभाग के समक्ष िायर आिेिन के िष ड
स)े िेन े से दकसी भी व्यवि के वहतों पर प्रवतकूल प्रभाि नहीं पड रहा ह।ै[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3
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
1st 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;4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
(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.
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.