The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has issued Notification No. 153/2025-Income Tax dated 15 October 2025, granting tax exemption to U.P. Awas Evam Vikas Parishad under Section 10(46A)(b) of the Income-tax Act, 1961. The Parishad, constituted under the Uttar Pradesh Awas Evam Vikas Parishad Adhiniyam, 1965, has been recognized as an authority eligible for exemption on income earned while performing its statutory and developmental functions. This exemption will apply retrospectively from the assessment year 2024–2025, provided the Parishad continues to function under the same Act and pursues one or more purposes specified in sub-clause (a) of Section 10(46A), such as activities for public utility.
The notification ensures that the Parishad’s income, derived from activities linked to urban development, housing, and infrastructure projects, will not be subject to income tax, as long as it adheres to its statutory mandate. The measure supports administrative consistency by extending tax relief to government-established authorities performing public development roles. The explanatory memorandum clarifies that the retrospective application of this notification does not negatively affect any taxpayer. Signed by Deputy Secretary Meenakshi Singh, the order highlights that the exemption is conditional upon the Parishad maintaining its legal status and statutory objectives under the 1965 legislation. This notification reflects the continued recognition of statutory housing and development authorities for income tax exemption under Section 10(46A) of the Income-tax Act.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 153/2025-Income Tax | Dated: 15th October, 2025
S.O. 4680(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 “U.P. Awas Evam Vikas Parishad” (PAN: AAAJU0103A) (hereinafter referred to as “the assessee”), an authority constituted under the Uttar Pradesh Awas Evam Vikas Parishad Adhiniyam, 1965 (U.P. Act No. 1 of 1966), for the purposes of the said clause.
2. This notification shall be effective from the assessment year 2024-2025, subject to the condition that the assessee continues to be an authority constituted the Uttar Pradesh Awas Evam Vikas Parishad Adhiniyam, 1965 (U.P. Act No. 1 of 1966) 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. 153 /2025/F. No. 300195/60/2024-ITA-I]
MEENAKSHI SINGH, Dy. Secy.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
