The Ministry of Finance, Department of Revenue, through the Central Board of Direct Taxes, issued Notification No. 63/2025 – Income Tax on June 18, 2025. This notification, exercising powers granted by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961, formally recognizes the Yamuna Expressway Industrial Development Authority (PAN: AAALT0341D) for the purposes of this specific clause.
The Yamuna Expressway Industrial Development Authority, established under the Uttar Pradesh Industrial Area Development Act (No. 6 of 1976), will have this recognition effective from the assessment year 2024-2025. This exemption is conditional upon the authority maintaining its status as a body constituted under the aforementioned Act, with its functions continuing to align with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act. This measure provides clarity regarding the tax treatment of the Yamuna Expressway Industrial Development Authority.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 63/2025 – Income Tax | Dated: 18th June, 2025
S.O. 2726(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 “Yamuna Expressway Industrial Development Authority” (PAN: AAALT0341D) (hereinafter referred to as “the assessee”), an authority constituted under the Uttar Pradesh Industrial Area Development Act, (No. 6 of 1976) 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 under the Uttar Pradesh Industrial Area Development 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. 63 /2025/F. No. 300195/32/2024-ITA-I]
MEENAKSHI SINGH, Dy. Secy.
