MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION No. 65/2017
New Delhi, the 20th July, 2017
S.O. 2276(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the State Pollution Control Board, Odisha, a board established by the Government of Odisha, in respect of the following specified income arising to that board, namely:-
a) statutory Consent fees;
b) share of Water Cess from MOEF &CC, of Government of India;
c) penalties & Levies collected under governing statutes;
d) grant-in-aid received from Central & State Governments;
e) grant in Aid received on behalf of Central & State Governments in the capacity of nodal agency;
f) income by way of interest;
g) share of contributions received for carrying out environmental studies & research.
2. This notification shall be effective subject to the conditions that State Pollution Control Board, Odisha,-
(a) shall not engage in any commercial activity;
(b) 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 provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.
3. This notification shall be deemed to have been applied for the financial Years 2015-2016, 2016-2017 and shall apply with respect to the Financial Years 2017-2018, 2018-2019 and 2019-2020.
[Notification No. 65/2017, F.No.300196/10/2017-ITA-I]
DEEPSHIKHA SHARMA, Director,
Explanatory Memorandum:- It is certified that no person is being adversely affected by giving retrospective effect to this notification.