CBDT Notifies Income Tax Exemption for Chhattisgarh Real Estate Regulatory Authority Under Section 10(46)

Last updated: 31 July 2026

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The Central Board of Direct Taxes (CBDT) has issued a notification granting income tax exemption to the Chhattisgarh Real Estate Regulatory Authority under Section 10(46). This exemption continues to be valid even after the repeal of the Income-tax Act, 1961, and the enactment of the Income-tax Act, 2025. The new Act ensures that rights, privileges, and obligations accrued under the previous Act remain unaffected, and proceedings related to tax years prior to April 1, 2026, will continue under the old provisions.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 27th July, 2026

S.O. 4121(E).— Whereas, section 10 (46) of the Income-tax Act, 1961 (43 of 1961) provided for exemption of specified income of certain bodies or authorities or Boards or Trusts or Commissions as may be notified by the Central Government in the Official Gazette for the purposes of that section;

And whereas, the Income-tax Act, 1961 (43 of 1961) was repealed by section 536 (1) of the Income-tax Act, 2025 (30 of 2025);

And whereas, section 536(2)(a) and (b) of the Income-tax Act, 2025 (30 of 2025), inter alia,provides that irrespective of the repeal of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Act of 1961) and subject to sub-section (4) thereof, nothing shall affect-

(i) the previous operation of the provisions of the Act of 1961 and any order or anything duly done or suffered thereunder; or
(ii) any right, privilege, obligation or liability acquired, accrued or incurred under the Act of 1961 or orders under that Act;

And whereas, section 536(2)(c) of the Income-tax Act, 2025 (30 of 2025) provides that the provisions of the Act of 1961 shall continue to apply to any proceeding pending on the date of commencement of the Income-tax Act, 2025 (30 of 2025) and to any proceedings initiated on or after the 1 April, 2026 (including notices, assessment, reassessment, recomputation, rectification, penalty, reference,revision and appeals) in respect of any tax year beginning before the 1st April, 2026 and such proceedings shall be carried out as per the procedure specified in the Act of 1961;

And whereas, section 536(2)(e) of the Income-tax Act, 2025 (30 of 2025) provides that any proceeding pending on the date of its commencement before any income-tax authority or any other authority constituted under the repealed Income-tax Act, Appellate Tribunal, or any court, by way of application, appeal, reference or revision or by any other means, shall be continued and disposed of as if this Act had not been enacted;

Official copy of the circular has been attached

FAQ :

The notification grants income tax exemption to the Chhattisgarh Real Estate Regulatory Authority under Section 10(46) of the Income-tax Act, 1961.

Yes, the Income-tax Act, 2025, through Section 536(2), ensures that previous operations, rights, and privileges under the Income-tax Act, 1961, are not affected by the repeal.

The Income-tax Act, 2025, states that proceedings pending or initiated for tax years beginning before April 1, 2026, will continue to be carried out according to the procedures of the Income-tax Act, 1961.

Any proceedings pending before income-tax authorities, the Appellate Tribunal, or courts will continue to be disposed of as if the Income-tax Act, 2025, had not been enacted.