MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi, the 20th July, 2017
S.O. 2276(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, the State Pollution Control Board, Odisha, a board established by the Government of Odisha, in respect of the following specified income arising to that board, namely:-
a) statutory Consent fees;
b) share of Water Cess from MOEF &CC, of Government of India;
c) penalties & Levies collected under governing statutes;
d) grant-in-aid received from Central & State Governments;
e) grant in Aid received on behalf of Central & State Governments in the capacity of nodal agency;
f) income by way of interest;
g) share of contributions received for carrying out environmental studies & research.
2. This notification shall be effective subject to the conditions that State Pollution Control Board, Odisha,-
(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 financial Years 2015-2016, 2016-2017 and shall apply with respect to the Financial Years 2017-2018, 2018-2019 and 2019-2020.
[Notification No. 65 /2017, F.No.300196/10/2017-ITA-I]
DEEPSHIKHA SHARMA, Director,
Explanatory Memorandum:- It is certified that no person is being adversely affected by giving retrospective effect to this notification.