Income Tax
The CBDT has notified ‘Mussoorie Dehradun Development Authority’ (PAN: AAAAM4651Q), an authority constituted by the State Government of Uttarakhand, for the purposes of section 10(46) of the Income-tax Act, 1961, in respect of specified income arising to it, namely grants/loans/advances received from Government of Uttarakhand, fees/charges/income levied under the Uttarakhand Urban and Country Planning and Development Act, 1973, income from disposal of lands, buildings and other movable and immovable properties, income from lease/rent, and interest on bank deposits. The exemption is subject to the conditions that the Authority shall not engage in any commercial activity, its activities and the nature of specified income shall remain unchanged throughout the financial years, and it shall file its return of income under section 139(4C)(g). Non-compliance shall result in penal action and withdrawal of the exemption. This notification shall be deemed to have been applied for assessment years 2022-23 and 2023-24, relevant to financial years 2021-22 and 2022-23.
[Notification No. 73/2026 dated 2nd July, 2026]
