VittSphere ONE Calculators Blog CA Prabhakar Kumar · FCA · ICAI 560762
Calculators Blog Handle my notice
Case law › Notifications › 2025 › Notification No. 72/2025 [F. No. 300195/8/2024-ITA-I] / S.O. 3020(E)
Notification 7 July 2025

Notification No. 72/2025 [F. No. 300195/8/2024-ITA-I] / S.O. 3020(E)

2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)]

What this is

Notification No. 72/2025 [F. No. 300195/8/2024-ITA-I] / S.O. 3020(E) was published on 7 July 2025. Its subject is 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)].

What it does

In exercise of the powers under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961, the Central Government notifies the Rajasthan Housing Board (PAN AAALR0046F), a board constituted under the Rajasthan Housing Board Act, 1970, for the purposes of that clause. The effect is that the Board's income falls within the section 10(46A) exemption from the assessment year stated.

Who it reaches

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.
Under the 1961 ActNow
s.10s.11, s.19

The instrument, as the Board published it

The department publishes this one only as a PDF, so the words below were read out of that PDF by machine. That reading can carry its own mistakes — a misread number, a broken line. Check the signed document before you rely on a figure in it.

2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 7th July, 2025
S.O. 3020(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the
Income-tax Act, 1961 (43 of 1961), (hereinafter referred to as "the Income-tax Act"), the Central Government hereby
notifies "Rajasthan Housing Board" (PAN: AAALR0046F) (hereinafter referred to as "the assessee"), a board
constituted under the Rajasthan Housing Board Act, 1970 (Act No. 4 of 1970), for the purposes of the said clause.
2. This notification shall be effective from the assessment year 2024-25, subject to the condition that the
assessee continues to be a board constituted under 'the Rajasthan Housing Board Act, 1970' (Act No. 4 of 1970) with
one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.
[Notification No. 72/2025/F. No. 300195/8/2024-ITA-I]
MEENAKSHI SINGH, Dy. Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.

From when

assessment year 2024-25, retrospectively.

What to watch

Where you meet it

In the Board's return of income and in assessments from assessment year 2024-25, where its income is claimed as exempt under section 10(46A).

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

← Notification No. 73/2025 [F. No. 225/192/2023] / S.O. 3060(E)  ·  Notification No. 71/2025 [F. No. 300196/29/2024-ITA-I] / S.O. 2961(E) →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.