This notification, S.O. 3203(E), issued by the Ministry of Finance's Department of Revenue, Central Board of Direct Taxes, effective July 14, 2025, grants an exemption under clause (46) of Section 10 of the Income-tax Act, 1961 to the Baddi Barotiwala Nalagarh Development Authority (PAN: AAALB0528J). The exemption applies to the following specified income: grants received from the Central Government and the State Government of Himachal Pradesh; revenue receipts under the HP Town and Planning Act, 1977; and interest on bank deposits.
The notification is subject to the conditions that the Authority does not engage in any commercial activity, that the nature of the specified income remains unchanged throughout the financial years, and that the Authority files income tax returns as per clause (g) of subsection (4C) of section 139 of the Income-tax Act, 1961. This notification is deemed to have been applied retrospectively for assessment years 2014-2015, 2015-2016, 2016-2017, 2017-2018 and 2018-2019, relevant for the financial years 2013-2014, 2014-2015, 2015-2016, 2016-2017 and 2017-2018, respectively. The notification number is 114/2025F. No. 196/23/2014-ITA-I/Pt.1, and was issued by Meenakshi Singh, Dy. Secy.
Key Entities Referenced
Income-tax Act, 1961: A law of India, specifically mentioned in the context of section 10 clause 46 and section 139 subsection 4C clause g.
Central Board of Direct Taxes: A department under the Ministry of Finance responsible for issuing the notification.
Ministry of Finance: The government ministry under which the Department of Revenue and Central Board of Direct Taxes operate.
Baddi Barotiwala Nalagarh Development Authority: An authority constituted by the State Government of Himachal Pradesh, which is the subject of the notification regarding income tax exemptions.
Himachal Pradesh: The state in India where the Baddi Barotiwala Nalagarh Development Authority is located.
Central Government: The Union Government of India, which provides grants to the Baddi Barotiwala Nalagarh Development Authority.
HP Town and Planning Act, 1977: A law of Himachal Pradesh, under which the Baddi Barotiwala Nalagarh Development Authority receives revenue receipts.
New Delhi: The city in India where the notification was issued.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-14072025-264642
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CG-DLxx-ExG-I1D4E0x7x2x0 25-264642
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 3133] नई दिल्ली, सोमिार, िलु ाई 14, 2025/आर्ाढ़ 23, 1947
No. 3133] NEW DELHI, MONDAY, JULY 14, 2025/ASHADHA 23, 1947
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 14 िुलाई, 2025
का.आ. 3203(अ).— केंर सरकार, आयकर अजधजनयम, 1961 (1961 का 43) की धारा 10 के खडं (46) द्वारा
प्रित्त िजियों का प्रयोग करते हुए, एतद्द्वारा 'बद्दी बरोटीिाला नालागढ़ जिकास प्राजधकरण' (पनै AAALB0528J), जिमाचल
प्रिेि राज्य सरकार द्वारा गठित बोडड को उस प्राजधकरण को उत्पन्न िोने िाली जनम्नजलजखत जिजनर्िडष्ट आय के संबंध में उि
खंड के प्रयोिनों के जलए अजधसूजचत करती ि,ै अर्ातड :
(क) केन्द्र सरकार और जिमाचल प्रििे राज्य सरकार स ेप्राप्त अनुिान;
(ख) जिमाचल प्रिेि नगर एिं जनयोिन अजधजनयम, 1977 के अंतगडत रािस्ट्ि प्राजप्तयां; और
(ग) बैंक िमा पर ब्याि।
2. यि अजधसूचना इन ितों के अधीन प्रभािी िोगी दक बद्दी बरोटीिाला नालागढ़ जिकास प्राजधकरण-
(क) दकसी भी िाजणजज्यक गजतजिजध में संलग्न निीं िोगा;
(ख) गजतजिजधयां और जिजनर्िडष्ट आय की प्रकृजत परू े जित्तीय िर्ड म ेंअपठरिर्तडत रिगे ी; और
4691 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
(ग) आयकर अजधजनयम, 1961 की धारा 139 की उपधारा (4सी) के खंड (छ) के प्रािधान के अनसु ार आयकर
ठरटनड िाजखल करेगा।
3. यि अजधसूचना क्रमिः जित्तीय िर्ड 2013-2014, 2014-2015, 2015-2016, 2016-2017, 2017-2018 और
2018-2019 के जलए संबंजधत कर जनधारड ण िर् ड 2014-2015, 2015-2016, 2016-2017 और 2017-2018 के जलए
लाग ूमानी िाएगी।
[अजधसूचना संख्या 114 /2025/फा. सं. 196/23/2014-आईटीए-I(भाग 1)]
मीनाक्षी ससंि, उप सजचि
जििरणात्मक ज्ञापन
यि प्रमाजणत दकया िाता ि ैदक इस अजधसूचना को भूतलक्षी प्रभाि िेने से दकसी भी व्यजि पर प्रजतकूल प्रभाि निीं पडगे ा।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 14th July, 2025
S.O. 3203(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, ‘Baddi Barotiwala Nalagarh
Development Authority’ (PAN AAALB0528J), an Authority constituted by the State Government of Himachal Pradesh,
in respect of the following specified income arising to that Authority, namely:
(a) Grants received from Central Government and State Government of Himachal Pradesh;
(b) Revenue Receipts under HP Town and Planning Act, 1977; and
(c) Interest on bank deposits.
2. This notification shall be effective subject to the conditions that Baddi Barotiwala Nalagarh 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.
3. This notification shall be deemed to have been applied for assessment years 2014-2015, 2015-2016,
2016-2017, 2017-2018 and 2018-2019 relevant for the financial years 2013-2014, 2014-2015, 2015-2016, 2016-2017
and 2017-2018, respectively.
[Notification No. 114 /2025/F. No. 196/23/2014-ITA-I(Pt.1)]
MEENAKSHI SINGH, Dy. 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.