Roop's Law Assist
Waitlist

Section 49

. Exemption from tax on income . —N —Notwithstanding anything contained in the Income-tax Act , 1961 (43 of 1961) or any other enactment for the time being in force relating to tax on income, profits or gains—

Back to ActAct Subordinates
49 . Exemption from tax on income . —N —Notwithstanding anything contained in the Income-tax Act , 1961 (43 of 1961) or any other enactment for the time being in force relating to tax on income, profits or gains— (a) the Bureau; (b) the existing Energy Management Centre from the date of its constitution to the date of establishment of the Bureau, shall not be liable to pay any income-tax or any tax in respect of their income, profits or gains derived.