**Executive Summary**
This document is a notification from the Ministry of Finance (Department of Revenue), issued on December 15, 2025. It notifies the New Okhla Industrial Development Authority (NOIDA) for the purposes of clause (46) of section 10 of the Income-tax Act, 1961, and applies to assessment years 2012-2013 to 2015-2016.
**Key Points / Main Content**
* **Notification Details**
* The notification is issued under clause (46) of section 10 of the Income-tax Act, 1961.
* The notified entity is the 'New Okhla Industrial Development Authority' (PAN-AAALN0120A), an authority constituted by the State Government of Uttar Pradesh.
* **Specified Income**
* The following income arising to NOIDA is notified for the purpose of the clause:
* Grants received from the State Government.
* Money received from the disposal of land, building, and other properties, movable and immovable.
* Money received by renting buildings and other properties, movable and immovable.
* The amount of interest and dividend earned.
* All fees, tolls, and charges received under the Uttar Pradesh Industrial Area Development Act, 1976.
* **Conditions**
* The notification is subject to the following conditions:
* NOIDA shall not engage in any commercial activity.
* Activities and the nature of the specified income shall remain unchanged throughout the financial years.
* NOIDA shall file income tax returns as per section 139 of the Income-tax Act, 1961.
* **Applicability**
* This notification is applicable to the assessment years 2012-13, 2013-14, 2014-15, and 2015-2016, and the corresponding financial years 2011-2012, 2012-2013, 2013-2014 and 2014-2015.
**Impact Analysis**
**Stakeholder: New Okhla Industrial Development Authority (NOIDA)**
* **Impact:** NOIDA's specified income is notified under section 10(46) of the Income-tax Act, 1961.
* **Action Required:** Ensure compliance with conditions, including not engaging in commercial activities, maintaining the nature of specified income, and filing income tax returns.
**Stakeholder: Central Board of Direct Taxes (CBDT)**
* **Impact:** Responsible for implementing and overseeing the notification.
* **Action Required:** Ensure the notification is applied correctly and that NOIDA complies with the specified conditions.
Key Entities Referenced
Income-tax Act, 1961: The primary law under which the notification is issued, specifically referencing section 10(46).
New Okhla Industrial Development Authority: Authority established by the Uttar Pradesh government, the main subject of the notification regarding income tax exemption. Also known as NOIDA.
Uttar Pradesh Industrial Area Development Act, 1976: Act under which the New Okhla Industrial Development Authority receives fees, tolls, and charges which are addressed in the notification.
Central Board of Direct Taxes: The department within the Ministry of Finance that issued the notification.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-15122025-268509
CG-DxLx-xEG-I1D5H1x2x2x0 25-268509
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 5584] नई दिल्ली, सोमिार, दिसम् बर 15, 2025/अग्रहायण 24, 1947
No. 5584] NEW DELHI, MONDAY, DECEMBER 15, 2025/AGRAHAYANA 24, 1947
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 15 दिसम् बर, 2025
का.आ. 5779(अ).— केन्द्र सरकार आयकर अजधजनयम, 1961 (1961 का 43) की धारा 10 के खंड (46) द्वारा
प्रित्त िजियों का प्रयोग करत े हुए एतद्द्वारा 'न्द्य ू ओखला औद्योजगक जिकास प्राजधकरण (पनै -AAALN0120A), उत्तर प्रिेि
राज्य सरकार द्वारा गठित एक प्राजधकरण, को उस आयोग को उत्पन्न होने िाली जनम्नजलजखत जनर्िडष्ट आय के संबंध म ें उि
खंड के प्रयोिनों के जलए, अजधसूजचत करती ह,ै अर्ाडत:् -
i) राज्य सरकार से प्राप्त अनुिान;
ii) भूजम, भिन एि ंअन्द्य चल एिं अचल संपजत्तयों के जनपटान से प्राप्त धन;
iii) भिन तर्ा अन्द्य चल एिं अचल सम्पजत्तयों को दकराये पर िेने के रूप में प्राप्त धन;
iv) अर्िडत ब्याि और लाभांि की राजि; और
v) उत्तर प्रिेि औद्योजगक क्षेत्र जिकास अजधजनयम, 1976 के अन्द्तगतड प्राजधकरण द्वारा प्राप्त समस्ट्त िल्ु क,
टोल एि ंप्रभार;
8396 GI/2025 (1)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.