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Section 10(46) of the Income-tax Act 1961 Central Government notifies Maharashtra State Board of Technical Education for dealing with specified income

Income Tax - 23/2016 - Dated:- 29-3-2016 - MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 23/2016 New Delhi, the 29th March, 2016 S.O. 1251(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 Maharashtra State Board of Technical Education, a Board constituted under the Maharashtra State Board of Technical Educatio .....

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ividend earned from Maharashtra Knowledge Corporation Ltd; (i) capital gains, if any, from disposal of assets as per Government financial guideline and rules of Government of Maharashtra. 2. This notification shall be effective subject to the following conditions, namely:- (a) that the Maharashtra State Board of Technical Education shall not engage in any commercial activity; (b) that the activities and the nature of the specified income of the Maharashtra State Board of Technical Education rema .....

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