CBDT notifies Income Tax Exemption for AP Pollution Control Board on Select Revenue Streams

The CBDT (Central Board of Direct Taxes) has notified income tax exemption for the Andhra Pradesh Pollution Control Board (APPCB) on select revenue streams. This exemption, granted under Section 10(46) of the Income Tax Act, applies to specific categories of income received by the APPCB, such as consent fees, analysis fees, and government grants. The notification aims to facilitate the board's environmental protection activities by ensuring that its operational funds, derived from statutory functions, are not subject to income tax. This measure supports state-level environmental bodies in their crucial regulatory and developmental roles.