Central Government Notifies Greater Ludhiana Area Development Authority Under Section 10(46A) of Income-tax Act, 1961

Last updated: 23 July 2025

Notice Date : 22 July 2025

Quick Summary

The Central Government has officially notified the Greater Ludhiana Area Development Authority under Section 10(46A) of the Income-Tax Act, 1961. This notification, effective from the assessment year 2024-2025, grants the authority specific tax benefits. The notification is subject to the condition that the Authority continues to operate under the Punjab Regional and Town Planning and Development Act, 1995.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 22nd July, 2025

S.O. 3360(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43 of 1961), (hereinafter referred to as “the Income-tax Act”), the Central Government hereby notifies “Greater Ludhiana Area Development Authority” (PAN: AAALG1055F) (hereinafter referred to as “the assessee”), an authority constituted under the Punjab Regional and Town Planning and Development Act, 1995 (Punjab Act No. 11 of 1995), for the purposes of the said clause.

2. This notification shall be effective from the assessment year 2024-2025, subject to the condition that the assessee continues to be an authority constituted under the Punjab Regional and Town Planning and Development Act, 1995
(Punjab Act No. 11 of 1995) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act, 1961.

[Notification No. 120/2025/F. No. 300195/1/2024-ITA-I]
MEENAKSHI SINGH, Dy. Secy.

The Greater Ludhiana Area Development Authority is an authority constituted under the Punjab Regional and Town Planning and Development Act, 1995.

The Authority has been notified under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961.

This notification is effective from the assessment year 2024-2025.

Yes, the notification is subject to the condition that the Authority continues to be constituted under the Punjab Regional and Town Planning and Development Act, 1995, with purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act, 1961.

The PAN of the Greater Ludhiana Area Development Authority is AAALG1055F.