U/s 10(46) of IT Act 1961 - Central Government notifies " District Mineral Foundation Trust " in respect of the specified income arising to that Trust - 73/2020 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 73/2020 New Delhi, the 10th September, 2020 S.O. 3088(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, District Mineral Foundation Trust as specified in the schedule to this notification, constituted by Government in exercise of powers conferred under section 9(B) of the Mines and Minerals (Development and Regulation) Amendment Act, 2015 (10 of 2015) as a class of Authority , in respect of the following specified income arising to that Authority, namely :- (a) Contribution by lease Holder to DMF as per the Mines and Minerals (Contribution to District Mineral Foundation) Rules, 2015; (b) Interest received from lease holders for late payment; (c) Any Penalty charged to lease holder; (d) Income from Interest on fund available under DMF; (e) Interest received on Saving Bank Accounts; and (f) Interest received on Excess Fund invested in Term Deposit. 2. This notification shall be effective subject to the conditions that each of the District Mineral Foundation Trust- (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 . (d) shall file the Audit report along with the Return, duly verified by the accountant as provided in explanation to section 288(2) of the Income-tax Act, 1961 along with a certificate from the chartered accountant that the above conditions are satisfied. 3. This notification shall be deemed to have been applied for the assessment year 2018-2019 and 2019-2020 and shall apply with respect to the assessment years 2020-2021, 2021-2022 and 2022-2023 in respect of Trusts mentioned in column (2) of the below mentioned schedule. SCHEDULE S.No. (1) Name of DMF Trust (2) State (3) PAN (4) 1. Thiruvananthapuram DMF Trust Kerala AADTT6908R 2. Kollam DMF Trust Kerala AAETK0275D 3. Pathanamthitta DMF Trust Kerala AAETP2630F 4. Alappuzha DMF Trust Kerala AAHTA3454R 5. Kottayam DMF Trust Kerala AAETK0791N 6. Idukki DMF Trust Kerala AABTI7182J 7. Ernakulam DMF Trust Kerala AABTE0066H 8. Thirissur DMF Trust Kerala AADTT5950D 9. Palakkad DMF Trust Kerala AAETP1053E 10. Malappuram DMF Trust Kerala AAGTM2917C 11. Wayanad DMF Trust Kerala AAATW5648L 12. Kozhikode DMF Trust Kerala AADTK9219Q 13. Kannur DMF Trust Kerala AADTK8977D 14. Kasargod DMF Trust Kerala AADTK9569P 15. District Mineral Foundation Ahmedabad Gujarat AACTD7233J 16. District Mineral Foundation Amreli Gujarat AADTD0695F 17. District Mineral Foundation Anand Gujarat AACTD6849C 18. District Mineral Foundation Aravali Gujarat AADTD0940R 19. District Mineral Foundation Banaskantha Gujarat AAEAD4162H 20. District Mineral Foundation Bharuch Gujarat AACTD6719P 21. District Mineral Foundation Bhavnagar Gujarat AACTD7183P 22. District Mineral Foundation Botad Gujarat AACTD7181R 23. District Mineral Foundation Chhotaudepur Gujarat AACTD6718N 24. District Mineral Foundation Dahod Gujarat AADTD0364R 25. District Mineral Foundation Devbhumi (Dwarka) Gujarat AADTD1475H 26. District Mineral Foundation Gandhinagar Gujarat AACTD9523H 27. District Mineral Foundation Girsomnath Gujarat AACTD8000B 28. District Mineral Foundation Jamnagar Gujarat AADTD0696G 29. District Mineral Foundation Junagadh Gujarat AACTD9473A 30. District Mineral Foundation Kachchh Gujarat AACTD8743M 31. District Mineral Foundation Kheda Gujarat AACTD6850D 32. District Mineral Foundation Mahesana Gujarat AADTD0366P 33. District Mineral Foundation Mahisagar Gujarat AACTD9229Q 34. District Mineral Foundation Morbi Gujarat AACTD8422F 35. District Mineral Foundation Narmada Gujarat AACTD6717D 36. District Mineral Foundation Navsari Gujarat AADTD0694E 37. District Mineral Foundation Panchmahal Gujarat AACTD8414F 38. District Mineral Foundation Porbandar Gujarat AACTD8483G 39. District Mineral Foundation Rajkot Gujarat AACTD8989K 40. District Mineral Foundation Sabarkantha Gujarat AADTD0367N 41. District Mineral Foundation Surat Gujarat AACTD8978L 42. District Mineral Foundation Surendranagar Gujarat AACTD7993H 43. District Mineral Foundation Tapi Gujarat AACTD8979M 44. District Mineral Foundation Vadodara Gujarat AACTD6439L 45. District Mineral Foundation Valsad Gujarat AADTD0728P 46. District Mineral Fund Trust, Raipur Chhattisgarh AAETR0345K 47. District Mineral Foundation Trust, Balodabazar-Bhatapara Chhattisgarh AAETB0697A 48. District Mineral Fund Kabirdham Chhattisgarh AADTD5418J 49. District Mineral Foundation Trust Durg Chhattisgarh AADTD5269P 50. Balod Jila Khanij Sansthan Nyas Chhattisgarh AAETB0372J 51. Bastar District Mineral Foundation Trust Chhattisgarh AAETB0452H 52. Narayanpur District Mineral Foundation Trust Chhattisgarh AADTN4401F 53. Kondagaon District Mineral Foundation Trust Chhattisgarh AAETK2162R 54. District Mineral Foundation Trust Fund- Dantewada Chhattisgarh AADTD5163C 55. Sukma District Mineral Foundation Trust Chhattisgarh AAZTS5178G 56. Bilaspur District Mineral Foundation Trust Chhattisgarh AAETB0402H 57. Mungeli District Mineral Foundation Trust Chhattisgarh AAGTM7090J 58. District Mineral Foundation Trust Janjgir-Champa Chhattisgarh AADTJ5906F 59. Raigarh DMF Dept. Chhattisgarh AADTD5349J 60. District Mineral Foundation Trust Surguja Chhattisgarh AADTD5440L 61. District Mineral Foundation Trust Fund-Balrampur Chhattisgarh AADTD5305N 62. District Mineral Foundation Trust, Surajpur Chhattisgarh AADTD5257B 63. Korea District Mineral Foundation Trust Chhattisgarh AADTD5306R 64. Dhanbad Zila Khanij Foundation Trust Jharkhand AADTD2230J 65. DMFT Hazaribagh Jharkhand AACTH0485Q 66. Chitradurga District Mineral Foundation Trust Karnataka AACTC4052A 67. Bagalkot District Mineral Foundation Trust Karnataka AAETB0303P 68. District Mineral Foundation Trust, Tumkur Karnataka AADTT8112F 69. District Mineral Foundation Trust, Devangere Karnataka AADTD5466G 70. District Mineral Foundation Trust, Belagavi Karnataka AADTB8686N 71. District Mineral Foundation Trust, Kalaburagi Karnataka AADTK8582G 72. District Mineral Foundation Trust, Chikkamaggaluru Karnataka AACTC7071K 73. District Mineral Foundation Trust, Shivmoga Karnataka AAZTS7890P 74. District Mineral Foundation Trust, Koppal Karnataka AAETK2039D 75. District Mineral Foundation Trust, Bengaluru Rural Karnataka AADTB5311N 76. District Mineral Foundation Trust, Bengaluru Urban Karnataka AADTB5434G 77. District Mineral Foundation Trust, Chikballpur Karnataka AACTC7079B 78. District Mineral Foundation Trust, Dakshin Kannad Karnataka AADTD5453B 79. District Mineral Foundation Trust Dharwad Karnataka AADTD5446N 80. District Mineral Foundation Trust, Kodagu Karnataka AAETK2194D 81. District Mineral Foundation Trust, Raichur Karnataka AAAGR1188K 82. District Mineral Foundation Trust, Ramanagara Karnataka AAETR0266R 83. District Mineral Foundation Trust, Yadgir Karnataka AAATY7689M 84. District Mineral Foundation Trust, Nagpur Maharashtra AACTD8934E 85. District Mineral Foundation Trust, Nashik Maharashtra AAEAD4782B 86. Angul District Mineral Foundation Odisha AAALD1844M 87. District Mineral Foundation Bolangir Odisha AADTD5136D 88. District Mineral Foundation, Bargarh Odisha AAAGD2712F 89. District Mineral Foundation Trust, Jajpur Odisha AADTD2632E 90. District Mineral Foundation, Jharsuguda Odisha AADTD1294Q 91. District Mineral Foundation, Keonjhar Odisha AAAGD2339C 92. District Mineral Foundation, Koraput Odisha AAPFD8437K 93. District Mineral Foundation, Sundargarh Odisha AADTD0841P 94. Alwar DMFT Rajasthan AAAGD2695B 95. DMFT Bikaner Rajasthan AAAGD2495M 96. Nagour DMFT Rajasthan AADTD5426C 97. Ariyalur District Mineral Foundation Trust Tamil Nadu AAHTA9239N 98. Coimbatore District Mineral Foundation Trust Tamil Nadu AACTC2202J 99. District Mineral Foundation Trust, Coddalore Tamil Nadu AACTD8447N 100. Dharmapuri District Mineral Foundation Trust Tamil Nadu AADTD5447P 101. Mineral Foundation Trust, DINDIGUL Tamil Nadu AADTD5401D 102. Erode District Mineral Foundation Trust Tamil Nadu AABTE0874H 103. District Mineral Foundation Trust, Kanniyakumari Tamil Nadu AACTD9609E 104. District Mineral Foundation Trust, Karur Tamil Nadu AADTK2965P 105. Krishnagiri District Mineral Foundation Trust Tamil Nadu AADTK9141K 106. Namakkal District Mineral Foundation Trust Tamil Nadu AADTN2416Q 107. District Mineral Foundation Trust, Pudukkottai Tamil Nadu AADTD5460A 108. Ramnathapuram District Mineral Foundation Trust Tamil Nadu AADTD5459M 109. Salem District Mineral Foundation Trust Tamil Nadu AAUTS6809B 110. District Mineral Foundation Trust Theni Tamil Nadu AADTT8117A 111. District Mineral Foundation Trust, Tirunelveli Tamil Nadu AADTD4490N 112. District Mineral Foundation Trust, Tiruvallur Tamil Nadu AADTD2995C 113. District Mineral Foundation Trust, Vilupuram Tamil Nadu AACTV7257N 114. District Mineral Foundation Trust, Virdhunagar Tamil Nadu AADTD4359G 115. District Mineral Foundation Trust Madurai Tamil Nadu AAFAD7917H 116. Nagapattinam District Mineral Foundation Trust Tamil Nadu AADTN4428J 117. Perambalur District Mineral Foundation Trust Tamil Nadu AAETP4055A 118. Thanjavur District Mineral Foundation Trust Tamil Nadu AADTT8134H 119. District Mineral Foundation Trust Tamil Nadu AADTD5503G 120. Thiruvarur District Mineral Foundation Trust Tamil Nadu AADTT8133A 121. District Mineral Foundation Trust, Trichy Tamil Nadu AADTT8144K 122. Mineral Foundation Trust, Tirupur Tamil Nadu AADTT8119Q 123. District Mineral Foundation Trust Adilabad Telangana AADTD5129Q 124. District Mineral Foundation Trust Kumurambheem-Asifabad Telangana AADTD5323Q 125. District Mineral Foundation Trust Nirmal Telangana AADTD4721C 126. District Mineral Foundation Trust Mancherial Telangana AADTD4641H 127. District Mineral Foundation Trust Nizamabad Telangana AADTD5380R 128. District Mineral Foundation Trust Kamareddy District Telangana AADTD5210E 129. District Mineral Foundation Trust Medak Telangana AADTD5386K 130. District Mineral Foundation Trust Sangareddy Telangana AADTD4820G 131. District Mineral Foundation Trust Siddipet Telangana AAAGS1434F 132. District Mineral Foundation Trust Wanaparthy Telangana AADTD5259R 133. District Mineral Foundation Trust Jogulamba-Gadwal Telangana AADTD5182H 134. District Mineral Foundation Trust Vikarabad Telangana AACTD9800B 135. District Mineral Foundation Trust Rangareddy Telangana AADTD4743N 136. District Mineral Foundation Trust Medchal-Malkajgiri Telangana AADTD5045P 137. District Mineral Foundation Trust Yadadri-Bhongir Telangana AADTD5348K 138. District Mineral Foundation Trust Nalgonda Telangana AAAGD2743Q 139. District Mineral Foundation Trust Suryapet Telangana AADTD4695D 140. District Mineral Foundation Trust Jangaon Telangana AADTD5301J 141. District Mineral Foundation Trust Warangal Rural Telangana AAAGD2723C 142. District Mineral Foundation Trust Warangal Urban Telangana AAAGD2723C 143. District Mineral Foundation Trust Mahabubabad Telangana AADTD5071F 144. District Mineral Foundation Trust Jayashankar-Bhupalpally Telangana AAAGD2746M 145. District Mineral Foundation Trust Karimnagar District Telangana AADTD4622J 146. District Mineral Foundation Trust Jagitial Telangana AQBPJ5572D 147. District Mineral Foundation Trust, Peddapalli Telangana AADTD5280A 148. District Mineral Foundation Trust Rajanna-Siricilla Telangana AAAGD2764D 149. District Mineral Foundation Trust Khammam District Telangana AADTD5159L 150. District Mineral Foundation Trust Bhadradri-Kothagudam Telangana AADTD5332P 151. District Mineral Foundation Trust Dehradun Uttarakhand AAATU8583C [F. No. 300196/36/2017-ITA-I] PRAJNA PARAMITA, Director Explanatory Memorandum It is certified that no person is being adversely affected by giving retrospective effect to this notification.