Notification section 536 (1) of the Income Tax Act, 2025 (30 of 2025) in the case of Odisha Joint Entrance Examination Committee
The Central Board of Direct Taxes, through Notification No. 109/2026-Income Tax dated 4 August 2026, notified the Odisha Joint Entrance Examination Committee (PAN: AAAGO0158G), a body established by the Government of Odisha, for the purposes of Section 10(46) of the Income-tax Act, 1961, in pursuance of Section 536(2)(a) to (c) and (e) of the Income-tax Act, 2025. The notification covers specified income comprising examination fees collected from candidates, counselling and application processing fees, and interest earned on bank deposits. The notification is subject to the conditions that the Committee does not engage in any commercial activity, its activities and the nature of the specified income remain unchanged throughout the financial years, and it files its return of income in accordance with Section 139(4C)(g) of the Income-tax Act, 1961. Failure to comply with these conditions will result in initiation of penal actions under the Income-tax Act, 1961, and withdrawal of the exemption under Section 10(46). The notification is deemed to have been applied for the assessment year 2026–27 relevant to the financial year 2025–26.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 109/2026-Income Tax | Dated : 4th August, 2026
S.O. 4321(E).— Whereas, section 10 (46) of the Income-tax Act, 1961 (43 of 1961) provided for exemption of specified income of certain bodies or authorities or Boards or Trusts or Commissions as may be notified by the Central Government in the Official Gazette for the purposes of that section;
And whereas, the Income-tax Act, 1961 (43 of 1961) was repealed by section 536 (1) of the Income-tax Act, 2025 (30 of 2025);
And whereas, section 536(2)(a) and (b) of the Income-tax Act, 2025 (30 of 2025), inter alia, provides that irrespective of the repeal of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Act of 1961) and subject to sub-section (4) thereof, nothing shall affect-
i. the previous operation of the provisions of the Act of 1961 and any order or anything duly done or suffered thereunder; or
ii. any right, privilege, obligation or liability acquired, accrued or incurred under the Act of 1961 or orders under that Act;
And whereas, section 536(2)(c) of the Income-tax Act, 2025 (30 of 2025) provides that the provisions of the Act of 1961 shall continue to apply to any proceeding pending on the date of commencement of the Income-tax Act, 2025 (30 of 2025) and to any proceedings initiated on or after the 1st April, 2026 (including notices, assessment, reassessment, recomputation, rectification, penalty, reference, revision and appeals) in respect of any tax year beginning before the 1st April, 2026 and such proceedings shall be carried out as per the procedure specified in the Act of 1961;
And whereas, section 536(2)(e) of the Income-tax Act, 2025 (30 of 2025) provides that any proceeding pending on the date of its commencement before any income-tax authority or any other authority constituted under the repealed Income-tax Act, Appellate Tribunal, or any court, by way of application, appeal, reference or revision or by any other means, shall be continued and disposed of as if this Act had not been enacted;
Now, therefore, in pursuance of the provisions of section 536(2)(a) to (c) and (e) of the Income-tax Act, 2025 (30 of 2025), the Central Government hereby notifies, for the purposes of section 10 (46) of the Act of 1961, “Odisha Joint Entrance Examination Committee” (PAN: AAAGO0158G)”, a body established by the Government of Odisha, in respect of the following specified income arising to that body, namely:-
i. Examination Fees collected from candidates;
ii. Counselling and application processing fees; and
iii. Interest earned on bank deposits.
2. This notification shall be effective subject to the conditions that Odisha Joint Entrance Examination Committee –
a. shall not engage in any commercial activity;
b. its activities and the nature of the specified income shall remain unchanged throughout the financial years; and
c. shall file return of income in accordance with the provisions of 139(4C)(g) of the Act of 1961.
3. Failure to comply with these conditions shall result in the initiation of penal actions under the provisions of the Act of 1961, and withdrawal of exemption granted u/s 10(46) of the Act of 1961.
4. This notification shall be deemed to have been applied for the assessment year 2026-27 relevant to the financial year 2025-26.
[Notification No. 109 /2026 /F. No. 300196/39/2025-ITA-I]
HARDEV SINGH, Under Secy.
Explanatory Memorandum
It is certified that the interests of no person are being adversely affected by giving retrospective effect [with effect from the year of its application filed before the Central Board of Direct Tax or Income-tax Department] to this notification.
