This notification, S.O. 3360(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, effective July 22, 2025, notifies the Greater Ludhiana Area Development Authority (PAN: AAALG1055F) for the purposes of clause 46A of section 10 of the Income-tax Act, 1961. This notification grants the Authority, constituted under the Punjab Regional and Town Planning and Development Act, 1995 (Punjab Act No. 11 of 1995), an exemption under the Income-tax Act. The notification is effective from the assessment year 2024-2025, contingent upon the Authority's continued status and adherence to the purposes specified in subclause (a) of clause 46A of section 10 of the Income-tax Act, 1961. The notification number is 1202025F. No person is adversely affected by the retrospective effect of this notification.
Key Entities Referenced
Ministry of Finance: A department of the Government of India.
Central Board of Direct Taxes: An organization under the Department of Revenue, Ministry of Finance.
Income-tax Act, 1961: A law related to income tax in India.
Greater Ludhiana Area Development Authority: An authority referred to as the assessee in the notification.
Punjab Regional and Town Planning and Development Act, 1995: A law under which the Greater Ludhiana Area Development Authority was constituted.
New Delhi: Capital of India, place where the notification was issued.
Meenakshi Singh: Deputy Secretary who issued the notification.
Punjab: State in India, where the Greater Ludhiana Area Development Authority is located.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-22072025-264889
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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.ं 3287] नई दिल्ली, मगं लिार, िुलाई 22, 2025/आषाढ़ 31, 1947
No. 3287] NEW DELHI, TUESDAY, JULY 22, 2025/ASHADHA 31, 1947
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 22 िुलाई, 2025
का.आ. 3360(अ).—केंर सरकार, आयकर अजधजनयम, 1961 (1961 का 43) (इसमें इसके पश्चात “आयकर
अजधजनयम” के रूप म ें संिर्भडत) की धारा 10 के खडं (46ए) के उप-खंड (ख) द्वारा प्रित्त िजियों का प्रयोग करते हुए,
एतद्द्वारा "ग्रेटर लुजधयाना क्षेत्र जिकास प्राजधकरण" (पैन: AAALG1055F) (इसमें इसके पश्चात "जनधाडररती" के रूप म ें
संिर्भडत), पंिाब क्षेत्रीय और नगर जनयोिन और जिकास अजधजनयम, 1995 (पंिाब अजधजनयम संख्या 1995 का 11) के
तहत गरित एक प्राजधकरण को उि खंड के प्रयोिनों के जलए अजधसूजचत करती ह।ै
4902 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
2. यह अजधसूचना जनधाडरण िषड 2024-2025 से प्रभािी होगी, बिते दक जनधाडररती आयकर अजधजनयम, 1961 की
धारा 10 के खंड (46ए) के उप-खंड (क) में जिजनर्िडष्ट एक या अजधक प्रयोिनों से पंिाब क्षत्रे ीय और नगर जनयोिन और
जिकास अजधजनयम, 1995 (पिं ाब अजधजनयम संख्या 1995 का 11) के अंतगडत गरित प्राजधकरण बना रह।े
[अजधसूचना स.ं 120 /2025/फा. सं. 300195/1/2024-आईटीए-I]
मीनाक्षी ससंह, उप 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 22nd July, 2025
S.O. 3360(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 “Greater Ludhiana Area Development Authority” (PAN: AAALG1055F) (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 2024-2025, 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. 120/2025/F. No. 300195/1/2024-ITA-I]
MEENAKSHI SINGH, Dy. Secy.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
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