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U/s 10(46) of IT Act 1961 - Central Government notifies ‘Bangalore Water Supply and Sewerage Board’ a Board constituted by the Government of Karnataka in respect of the specified income arising to that Board

..... ise 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, Bangalore Water Supply an .....

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..... effective subject to the conditions that Bangalore Water Supply and Sewerage Board, Bengaluru,- (a) shall not engage in any commercial activity; (b) activities and the nature of the specified income .....

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