U/s 10(46) of the Income-tax Act, 1961 Central Government notifies State Pollution Control Board, Odisha, a board established by the Government of Odisha, in respect of the specified income arising to that board - 65/2017 - Income Tax

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. [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.