Specified income arising to the Board- CBDT Notification

Section 10(46):
Any specified income arising to a body or authority or Board or Trust or Commission (by whatever name called), or a class thereof which—

(a) has been established or constituted by or under a Central, State or Provincial Act, or constituted by the Central Government or a State Government, with the object of regulating or administering any activity for the benefit of the general public;
(b) is not engaged in any commercial activity; and
(c) is notified by the Central Government in the Official Gazette for the purposes of this clause.

Explanation.—For the purposes of this clause, “specified income” means the income, of the nature and to the extent arising to a body or authority or Board or Trust or Commission (by whatever name called), or a class thereof referred to in this clause, which the Central Government may, by notification in the Official Gazette, specify in this behalf;

NOTIFICATION

S.O. 813(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, ‘Haryana State Pollution Control Board’ (PAN AAAJH0446F), a Board constituted by the State Government of Haryana under the Water (Prevention and Control of Pollution) Act, 1974, in respect of the following specified income arising to the Board, namely:-

(a) Grant from Central Government;
(b) Grant from State Government; and
(c) Consent fee for permission for setting up industry in the state of Haryana;
(d) Analysis fees or air ambient quality survey fees;
(e) Testing fees;
(f) Authorization fees;
(g) NOC fees;
(h) Cess reimbursement and cess appeal fees;
(i) Fees received under RTI Act, 2005;
(j) Public hearing fees;
(k) Recognition fees;
(l) Interest on loan and advances given to staff; and
(m) Interest on fixed deposit.

2. This notification shall be effective subject to the conditions that Haryana State Pollution Control Board,-
   
   (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 apply with respect to the assessment years 2020-21, 2021-2022, 2022-2023, 2023-2024 and 2024-2025.

Notification

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