CBDT Grants Income Tax Exemption for Commissioners of Rabindra Setu, Kolkata u/s 10(46)

The Central Board of Direct Taxes (CBDT) has granted income tax exemption to the Commissioners of Rabindra Setu, Kolkata, under Section 10(46) of the Income Tax Act. This exemption applies to income received by the commissioners in their capacity as trustees for the maintenance and management of the Rabindra Setu (Howrah Bridge). The move is expected to support the upkeep of this vital infrastructure, ensuring that the commissioners can use the income to reinvest in the bridge's maintenance. This exemption aligns with the government’s objective of providing tax relief to entities that manage public welfare infrastructure.