The Ministry of Finance, through the Central Board of Direct Taxes, has issued Notification No. 55/2025 – Income Tax, dated June 10, 2025. This notification, under the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961, formally notifies the Greater Noida Industrial Development Authority (PAN: AAALG0129L) for the purposes of the stated clause. The Authority is constituted under the U.P. Industrial Area Development Act, 1976. This notification is effective from the assessment year 2024-25. Its applicability is conditional upon the Greater Noida Industrial Development Authority continuing to function as an authority under the U.P. Industrial Area Development Act, 1976, and serving one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 55/2025 – Income Tax | Dated: 10th June, 2025
S.O. 2528(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 “Greater Noida Industrial Development Authority” (PAN: AAALG0129L) (hereinafter referred to as “the assessee”), an authority constituted under the U.P. Industrial Area Development Act, 1976 (U.P. Act No.6 of 1976), 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 U.P. Industrial Area Development Act, 1976 (U.P. Act No.6 of 1976) 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. 55/2025/F. No. 300195/33/2024-ITA-I(Part)]
MEENAKSHI SINGH, Dy. Secy.
