SECTION 10(46) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - STATUTORY BODY/AUTHORITY/BOARD/COMMISSION - NOTIFIED BODY OR AUTHORITY - ASSAM STATE AIDS CONTROL SOCIETY - 27/2013 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 27/2013 New Delhi, the 30 th March, 2013 S.O. 859(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 Assam State AIDS Control Society , a body created by way of notification in this regard by the Government of Assam, in respect of the following specified income arising to the said Society, namely:- amount received in the form of grants-in-aid from the Central Government and other international development agencies such as World Bank, UNAID (Joint United Nations Programme on HIV/AIDS), USAID (United States Agency for International Development), GFATM (Global Fund to fight AIDS, Tuberculosis and Malaria) through the Government of India . 2. This Notification shall be deemed to have been apply for the Financial Year 2011-2012 and shall apply with respect to the Financial Years 2012-2013, 2013-2014, 2014-2015 and 2015-2016. 3. The notification shall be effective subject to the following conditions, namely:- (a) the Assam State AIDS Control Society does not engage in any commercial activity; (b) the activities and the nature of the specified income of the Assam State AIDS Control Society remain unchanged throughout the financial year; and (c) the Assam State AIDS Control Society files return of income in accordance with the provision of clause (g) of sub-section (4C) section 139 of the Income-tax Act, 1961. 4. The grants from various international development agencies shall be received and applied in accordance with the prevailing rules and regulations. [F. No. 196/55/2012-ITA-I] DEEPSHIKHA SHARMA Dy. Secy. (ITA-I)