Section 34
Exemption from tax on wealth, income, profits and gains . —N —Notwithstanding anything contained in– n–
34. Exemption from tax on wealth, income, profits and gains . —N —Notwithstanding anything contained in– n–
(i) the Wealth-tax Act, 1957 (27 of 1957);
(ii) the Income-tax Act, 1961(43 of 1961); or
(iii) any other enactment for the time being in force relating to tax on wealth, income, profits or gains, the Authority shall not be liable to pay wealth-tax, income-tax or any other tax in respect of its wealth, income, profits or gains derived.