The Central Government, through the Central Board of Direct Taxes, issued Notification No. 03/2026 dated 6 January 2026 under section 10(46A)(b) of the Income-tax Act, 1961, notifying the Mussoorie Dehradun Development Authority as an eligible authority for the purposes of income-tax exemption under the said provision. The authority is constituted under the Uttar Pradesh Urban Planning Development Act, 1973 and regulated under the Uttarakhand Urban and Country Planning Development (Amendment) Act, 2013. The notification is made effective from the assessment year 2024–25, subject to the condition that the authority continues to remain constituted under the said statutes and carries out one or more purposes specified in section 10(46A)(a) of the Act. The accompanying Explanatory Memorandum clarifies that no person is adversely affected by the retrospective operation of the notification, as it takes effect from the year in which the application was made before the concerned authorities.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 03/2026- Income Tax | Dated: 6th January, 2026
S.O. 87(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 “Mussoorie Dehradun Development Authority”, (PAN: AAAAM4651Q) (hereinafter referred to as “the assessee”), an authority constituted under the Uttar Pradesh Urban Planning Development Act, 1973 (President’s Act 11 of 1973) and as regulated under the Uttarakhand Urban and Country Planning Development (Amendment) Act, 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 Uttar Pradesh Urban Planning Development Act, 1973 (President’s Act 11 of 1973) and as regulated under the Uttarakhand Urban and Country Planning Development (Amendment) Act, 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. 03 /2026 F. No. 300195/14/2024-ITA-I]
HARDEV SINGH, Under Secy.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect (with effect from the year of application made before the Board/Department) to this notification.
