**Executive Summary**
This notification, issued by the Ministry of Finance on March 24, 2026, designates the "Urban Improvement Trust, Sikar" as a notified entity under Section 10(46A) of the Income-tax Act, 1961. The notification is effective from the assessment year 2026-27. Its validity is contingent upon the trust maintaining its status under the Rajasthan Urban Improvement Act, 1959, and fulfilling specified statutory purposes.
**Key Points / Main Content**
**Entity Notification**
* The Central Government notifies "Urban Improvement Trust, Sikar" (PAN: AAATU6139J) under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961.
* The entity is recognized as a trust constituted under the Rajasthan Urban Improvement Act, 1959 (Act No. 35 of 1959).
**Effective Date and Timeline**
* The provisions of this notification become effective starting from the assessment year 2026-27.
* The notification was officially published in the Gazette of India on March 24, 2026.
**Mandatory Conditions for Compliance**
* The assessee must continue to function as a trust constituted under the Rajasthan Urban Improvement Act, 1959.
* The trust must operate for one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.
**Impact Analysis**
**Urban Improvement Trust, Sikar (The Assessee)**
**Impact**
The trust is formally recognized under the Income-tax Act for the purposes of Section 10(46A), which relates to tax exemptions for specific statutory bodies or trusts.
**Action Required**
The trust must ensure it remains constituted under the Rajasthan Urban Improvement Act, 1959, and strictly adheres to the purposes defined in Section 10(46A)(a) of the Income-tax Act to benefit from this notification.
**Central Board of Direct Taxes (CBDT) / Tax Authorities**
**Impact**
Tax authorities are required to recognize the trust's status under the specified clause for tax assessments starting from the 2026-27 assessment year.
**Action Required**
Update internal records to reflect the notified status of the Urban Improvement Trust, Sikar, and apply relevant tax provisions during the assessment process for the applicable years.
Key Entities Referenced
Income-tax Act, 1961: The primary legislation under which the Central Government exercises powers to provide tax exemptions under Section 10(46A).
Urban Improvement Trust, Sikar: The specific entity in Rajasthan notified as the 'assessee' for tax exemption purposes.
Rajasthan Urban Improvement Act, 1959: The state law under which the Urban Improvement Trust, Sikar was established and must continue to operate to qualify for exemptions.
Central Board of Direct Taxes (CBDT): The regulatory body within the Ministry of Finance responsible for issuing this notification regarding direct tax matters.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-24032026-271246
CG-DxLx-xEG-I2D4H0x3x2x0 26-271246
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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.ं 1467] नई दिल्ली मगं लिार, माच ड24, 2026/चत्रै 3, 1948 13, 1947 26/पौर् 17, 1947
No. 1467] NEW DELHI, TUESDAY, MARCH 24, 2026/CHAITRA 3, 1948 ss, 1947 /PAUSHA 17, 1947
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 24 माचड, 2026
का.आ. 1532(अ).—केंर सरकार, आयकर अजधजनयम, 1961 (1961 का 43) (एतजममन् पश्चात् जिसे “आयकर
अजधजनयम” कहा गया ह)ै की धारा 10 के खडं (46ए) के उप-खंड (ख) द्वारा प्रित्त िजियों का प्रयोग करते हुए, एतद्द्वारा,
"िहरी सुधार रस्ट्ट, सीकर" (पनै : AAATU6139J) (एतजममन् पश्चात ् जिसे “जनधाडररती” कहा गया ह)ै को उि खंड के
प्रयोिनों के जलए रािस्ट्थान िहरी सुधार अजधजनयम, 1959 (अजधजनयम संख्या 1959 की 35) के तहत गरित एक रस्ट्ट के
रूप म ेंअजधसूजचत करती ह।ै
2. यह अजधसूचना कर जनधारड ण िर् ड 2026-27 स े प्रभािी होगी, बित े दक जनधाडररती आयकर अजधजनयम की धारा 10 के
खंड (46ए) के खडं (क) में जिजनर्िडष्ट एक या एक स े अजधक प्रयोिनों से रािस्ट्थान नगरीय सुधार अजधजनयम, 1959
(अजधजनयम संख्या 1959 की 35) के अंतगडत गरित एक रस्ट्ट बना रह।े
[अजधसूचना स.ं 25/2026/फा. सं. 300195/29/2025-आईटीए-I]
हरिेि ससंह, अिर सजचि
2139 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 24th March, 2026
S.O. 1532(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 "Urban Improvement Trust, Sikar" (PAN: AAATU6139J) (hereinafter referred to as “the assessee”), a trust
constituted under the Rajasthan Urban Improvement Act, 1959 (Act No. 35 of 1959), for the purposes of the said
clause.
2. This notification shall be effective from the assessment year 2026-27, subject to the condition that the assessee
continues to be a trust constituted under the Rajasthan Urban Improvement Act, 1959 (Act No. 35 of 1959) 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. 25/2026/F. No. 300195/29/2025-ITA-I]
HARDEV SINGH, Under Secy.
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.