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Exemption from tax on wealth, income, profits and gains

34. Notwithstanding anything contained in– (i) the Wealth-tax Act, 1957; (ii) the Income-tax Act, 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.