**Executive Summary**
The Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), has issued a notification recognizing the ‘Improvement Trust, Sangrur’ under the Income-tax Act, 1961. This notification, dated March 27, 2026, is effective from the assessment year 2025-26. It grants the trust status under Section 10(46A)(b), provided it continues to fulfill its statutory purposes.
**Key Points / Main Content**
**Notification and Legal Basis**
* **Official Recognition:** The Central Government has notified ‘Improvement Trust, Sangrur’ (PAN: AAATI6009F) as a trust for the purposes of Section 10(46A)(b) of the Income-tax Act, 1961.
* **Statutory Constitution:** The trust is established under ‘The Punjab Town Improvement Act, 1922’ (Punjab Act 4 of 1922).
**Effective Dates and Conditions**
* **Effective Period:** The notification is applicable starting from the assessment year 2025-26.
* **Mandatory Compliance:** The trust's status is conditional upon it remaining constituted under the Punjab Town Improvement Act, 1922.
* **Specified Purposes:** The trust must continue to operate for one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.
**Administrative Details**
* **Retrospective Application:** The notification is applied retrospectively from the year the application was filed with the Income Tax Department.
* **No Adverse Impact:** The Explanatory Memorandum certifies that this retrospective effect does not adversely affect any person.
**Impact Analysis**
**Improvement Trust, Sangrur**
**Impact**
The trust is officially recognized under specific tax-exempt provisions of the Income-tax Act, 1961, starting from the assessment year 2025-26.
**Action Required**
The trust must ensure it maintains its constitution under 'The Punjab Town Improvement Act, 1922' and strictly adheres to the functional purposes defined in Section 10(46A)(a) to retain its notified status.
**Income Tax Department (Central Board of Direct Taxes)**
**Impact**
The department is required to treat the ‘Improvement Trust, Sangrur’ as a notified entity for tax assessment purposes for the specified period.
**Action Required**
The department must apply the provisions of this notification (No. 34 /2026) during the assessment of the trust's filings from the 2025-26 assessment year onwards.
Key Entities Referenced
Income-tax Act, 1961: The primary legislation under which the Central Government notifies entities for tax purposes, specifically under section 10(46A).
Improvement Trust, Sangrur: The specific entity notified as the 'assessee' for the purposes of tax notification, effective from the assessment year 2025-26.
Central Board of Direct Taxes (CBDT): The primary regulatory body under the Ministry of Finance that issued this notification.
The Punjab Town Improvement Act, 1922: The legislation under which the Improvement Trust, Sangrur is constituted and must maintain its legal status.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-27032026-271350
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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.ं 1558] नई दिल्ली, िुक्रिार, माच ड27, 2026/चत्रै 6, 1948 13, 1947 26/पौर् 17, 1947
No. 1558] NEW DELHI, FRIDAY, MARCH 27, 2026/CHAITRA 6, 1948 ss, 1947 /PAUSHA 17, 1947
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 27 माच,ड 2026
का.आ. 1623(अ).— केंर सरकार, आयकर अजधजनयम, 1961 (1961 का 43) (एतजममन् पश्चात जिसे “आयकर
अजधजनयम” से संिर्भडत दकया गया ह)ै की धारा 10 के खंड (46ए) के उप-खडं (ख) द्वारा प्रित्त िजियों का प्रयोग करत े हुए,
एतद्द्वारा, ‘इम्प्प्रूिमेंट रस्ट्ट, सगं रूर’ (पैन: AAATI6009F) (एतजममन ्पश्चात जिस े“जनधाडररती” से संिर्भडत दकया गया ह)ै , को
उि खंड के प्रयोिन के जलए ‘पिं ाब नगर सधु ार अजधजनयम, 1922’ (पंिाब अजधजनयम 1922 का 4) के तहत गरित एक
रस्ट्ट के रूप म ेंअजधसूजचत करती ह।ै
2. यह अजधसूचना जनधारड ण िर्ड 2025-26 से प्रभािी होगी, बिते दक करिाता आयकर अजधजनयम की धारा 10 के खडं
(46ए) के उपखंड (क) म ें जनर्िडष्ट एक या अजधक उद्देमयों के साथ साथ पंिाब क्षेत्रीय और नगर जनयोिन एिं जिकास
अजधजनयम, 1995 (पंिाब अजधजनयम 1922 का 4)' के तहत गरित रस्ट्ट बना रहता ह।ै
[अजधसूचना संख्या 34 /2026/फा. सं. 300195/38/2024-ITA-I]
हरिेि ससंह, अिर सजचि
2265 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
स्ट्पष्टीकरण ज्ञापन
प्रमाजणत दकया िाता ह ै दक इस अजधसूचना को पूिडव्यापी प्रभाि से (बोडड/ आयकर जिभाग के समक्ष आिेिन दकए िाने के
िर्ड से) लाग ूकरन े से दकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पड़ रहा ह।ै
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 27th March, 2026
S.O. 1623(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
‘Improvement Trust, Sangrur’ (PAN: AAATI6009F) (hereinafter referred to as “the assessee”), a trust constituted under
‘The Punjab Town Improvement Act, 1922’(Punjab Act 4 of 1922), for the purposes of the said clause.
2. This notification shall be effective from the assessment year 2025-26, subject to the condition that the assessee
continues to be a trust constituted under ‘The Punjab Town Improvement Act, 1922(Punjab Act 4 of 1922)’ 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. 34 /2026/F.No. 300195/38/2024-ITA-I]
HARDEV SINGH, Under Secy.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect (with effect from the year of filing
of application before the board/Income tax Department) to this notification.
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and Published by the Controller of Publications, Delhi-110054.