CBDT Grants Income Tax Exemption to Ghaziabad Development Authority [Read Notification]

The notification, issued vide S.O. 4166(E) dated 15th September 2025, recognizes GDA as an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973.

As per the notification, the exemption will apply with effect from the assessment year 2024-25, provided that the Authority continues to operate as a statutory body under the 1973 Act and carries out one or more of the purposes specified under section 10(46A)(a) of the Income-tax Act.

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The Ghaziabad Development Authority, established for urban planning and development in Ghaziabad district, qualifies for this exemption on account of its statutory nature and functions.

In addition, the notification has been given retrospective effect from AY 2024-25, with the government clarifying that no person will be adversely affected by this retrospective application.

The exemption will allow the Authority to utilize its resources more effectively for public development projects without the burden of income tax liability.

The notification reads that “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 Uttar Pradesh Urban Planning and Development Act, 1973 (President Act No.11 of 1973) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.”

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