The Central Government has notified the Ajmer Development Authority as an eligible authority under Section 10(46A)(b) of the Income-tax Act, granting it specified income-tax exemption benefits. The notification is effective retrospectively from Assessment Year 2024-25, provided the authority continues to function under the Ajmer Development Authority Act, 2013 and pursues one or more purposes listed under Section 10(46A)(a). The accompanying Explanatory Memorandum clarifies that no person is adversely affected by the retrospective application. This notification formalizes the authority’s tax-exempt status and ensures its activities aligned with statutory objectives remain eligible for exemption.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 168/2025-Income Tax | Dated: 4th December, 2025
S.O. 5600(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 “Ajmer Development Authority” (PAN: AAALS0528D) (hereinafter referred to as “the assessee”), an authority constituted under the Ajmer Development Authority, Act, 2013 (Act No.39 of 2013), 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 an authority constituted under the Ajmer Development Authority, Act, 2013 (Act No.39 of 2013), 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. 168/2025/F.No.300195/26/2024-ITA-I]
HARDEV SINGH, Under Secy.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
