MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION NO. 125/2021

New Delhi, the 29th October, 2021

S.O. 4523(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, ‘Chandigarh Pollution Control Committee’ (PAN AAATC6094L), a body constituted under Section 4, clause (4) of the Water (Prevention and Control of Pollution) Act, 1974 (Act No.6 of 1974) and Section 6 of the Air (Prevention and Control of Pollution) Act, 1981 (Act No.14 of 1981), in respect of the following specified income arising to that body, namely:-

(a) Grant-in-aid from CPCB New Delhi;

(b) Grant-in-aid received from the Union Territory of Chandigarh Administration;

(c) Consent fees;

(d) Environment Compensation and penalties;

(e) Bio medical waste authorization fees;

(f) Bank guarantee forfeiture;

(g) Reimbursement of NAMP Project Expenses (CPCB);

(h) Stack, Analysis, Water & air testing fees;

(i) Water cess receipts;

(j) Interest income earned on (a) to (i) above.

2. This notification shall be effective subject to the conditions that Chandigarh Pollution Control Committee,-

(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 period from 01-06-2020 to 31-03-2021 in the financial year 2020-2021 and shall apply for the financial years 2021-2022, 2022-2023, 2023-2024 and 2024-2025.

[F. No. 300196/35/2018-ITA-I]

SOURABH JAIN, Under Secy.

Explanatory Memorandum

It is certified that no person is being adversely affected by giving retrospective effect to this notification.