CBDT Issues Income Tax Exemption Notification u/s 10(46A) to Exempt NOIDA Authority:

CBDT Issues Income Tax Exemption Notification u/s 10(46A) to Exempt NOIDA Authority The Central Board of Direct Taxes (CBDT) has recently issued a notification dated 17.07.2025, where the Central Government is granting income-tax exemption to the New Okhla Industrial Development Authority (NOIDA), under Section 10(46A)(b) of the Income-tax Act, 1961. NOIDA is an authority formed under the Uttar Pradesh Industrial Area Development Act 1976. The authority is now eligible for tax exemption on the condition that the authority must continue to operate under the U.P. Industrial Area Development Act, 1976, for one or more purposes mentioned under Section 10(46A)(a) of the Income Tax Act.

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