**Executive Summary**
This document is a notification from the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, declaring the 'Barnala Improvement Trust' as an authority under Section 10(46A) of the Income-tax Act, 1961. This notification is effective from the assessment year 2024-25, provided the Trust remains a local authority formed under the Punjab Town Improvement Act, 1922, serving one or more purposes specified in the Act. The notification is dated January 19, 2026.
**Key Points / Main Content**
* **Notification:**
* The Central Government notifies the 'Barnala Improvement Trust' (PAN: AABTB1345E) as an authority under Section 10(46A) of the Income-tax Act, 1961.
* The Trust is constituted under the Punjab Town Improvement Act, 1922.
* **Effective Date and Conditions:**
* The notification is effective from the assessment year 2024-25.
* The Trust must continue to be a local authority formed under the Punjab Town Improvement Act, 1922.
* The Trust must serve one or more purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.
* **No Adverse Impact:**
* Giving retrospective effect will not adversely affect any person.
**Impact Analysis**
**Barnala Improvement Trust**
* **Impact:** Recognized as an authority under Section 10(46A) of the Income-tax Act, 1961, potentially affecting its tax obligations and benefits.
* **Action Required:** Ensure it continues to meet the conditions specified in the notification, specifically remaining a local authority under the Punjab Town Improvement Act, 1922, and serving the specified purposes.
Key Entities Referenced
Income-tax Act, 1961: The principal law under which the notification regarding exemption is issued.
Punjab Town Improvement Act, 1922: The Act under which the notified authority is constituted.
Barnala Improvement Trust: The specific local authority that is being notified for income tax exemption.
Section 10 of the Income-tax Act, 1961: Specifically clause (46A), the section providing the power to exempt income of certain authorities.
Ministry of Finance: The ministry issuing the notification through the Central Board of Direct Taxes (CBDT).
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-19012026-269434
xxxGIDHxxx
CG-DLxx-ExG-I1D9E0x1x2x0 26-269434
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 233] नई दिल्ली, सोमिार, िनिरी 19, 2026/पौष 29, 1947
No. 233] NEW DELHI, MONDAY, JANUARY 19, 2026/PAUSHA 29, 1947
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 19 िनिरी, 2026
का.आ. 261(अ).— केन्द्र सरकार आयकर अजधजनयम, 1961 (1961 का 43) की धारा 10 के खडं (46क) के
उप-खंड (ख) (एतजममन् पश्चात ् जिसे “आयकर अजधजनयम” कहा गया ह)ै द्वारा प्रित्त िजियों का प्रयोग करते हुए एतद्द्वारा '
बरनाला इम्प्प्रूिमेंट रस्ट्ट' (पैन: AABTB1345E) (एतजममन ् पश्चात् जिसे “करिाता” कहा गया ह)ै को, पंिाब नगर सुधार
अजधजनयम, 1922 (पंिाब अजधजनयम संख्या 4/1922) के तहत गठित एक प्राजधकरण, उि खंड के प्रयोिनों के जलए
अजधसूजचत करती ह।ै
369 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
2. यह अजधसूचना कर जनधारड ण िष ड 2024-25 स े प्रभािी होगी, बित े दक जनधाडठरती आयकर अजधजनयम की धारा 10 के
खंड (46क) के उप-खडं (क) म ें जिजनर्िडष्ट दकसी एक या एक से अजधक प्रयोिनों से पंिाब नगर सुधार अजधजनयम, 1922
(पंिाब अजधजनयम संख्या 4/1922) के तहत गठित एक स्ट्थानीय प्राजधकरण बना रह।े
[अजधसूचना स.ं 9 /2026/फा. सं. 300195/47/2024-आईटीए-I]
हरिेि ससंह, अिर सजचि
स्ट्पष्टीकरण ज्ञापन
यह प्रमाजणत दकया िाता ह ैदक इस अजधसूचना को भूतलक्षी प्रभाि (बोडड/जिभाग के समक्ष आिेिन दकए िाने के िषड स े
प्रभािी) िेने स ेदकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पडगे ा।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 19th January, 2026
S.O. 261(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 the ‘Barnala Improvement Trust’ (PAN: AABTB1345E) (hereinafter referred to as “the assessee”), an authority
constituted under the Punjab Town Improvement Act, 1922 (Punjab Act No. 4 of 1922), for the purposes of the
said clause.
2. This notification shall be effective from the assessment year 2024-25, subject to the condition that the assessee
continues to be a local authority constituted under the Punjab Town Improvement Act, 1922 (Punjab Act No. 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. 9 /2026/F. No. 300195/47/2024-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
application made before the Board/Department) 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.