Delhi directs CBDT to process section 10(46) Exemption application of NOIDA  Authority

New Okhla Industrial Development Authority Vs Union Of India & Ors.(Delhi High Court) 1. The New Okhla Industrial Development Authority1, an entity constituted under the Uttar Pradesh Industrial Area Development Act, 19762 impugns the order dated 24 December 2020 in terms of which the Central Board of Direct Taxes3 has refused to accede to its prayer for being accorded appropriate certification as contemplated in terms of Section 10(46) of the Income Tax Act, 19614. The aforenoted statutory provision enables the CBDT to certify the specified income of a body or authority constituted under ...