[ . 33 /2019/. .300196/63/2018-- ]                             I
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                                                  MINISTRY OF FINANCE
                                                  (Department of Revenue)
                                       (CENTRAL BOARD OF DIRECT TAXES)
                                                       NOTIFICATION
                                                  New Delhi, the 9th April, 2019

           S.O. 1537(E).--In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43
of 1961), the Central Government hereby notifies for the purposes of the said clause, `Mysore Palace Board', Karnataka, a
board constituted by the Government of Karnataka, in respect of the following specified income arising to that board,
namely:-






(a)        Income from Palace or proceeds of any property vested in the Board;

(b)        All fees and charges levied by the Board under the Mysore Palace (Acquisition and Transfer) Act, 1998 and
           forming part of the Board fund;

(c)        Rent received from the stalls let out to Government Agencies; and

(d)        Interest earned on (a) to (c) above.

2.         This notification shall be effective subject to the conditions that Mysore Palace Board, Karnataka,-

(a)        shall not engage in any commercial activity;

(b)        activities and the nature of the specified income shall remain unchanged throughout the financial years; and

(c)        shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the
           Income-tax Act, 1961.






3.         This notification shall apply with respect to the assessment years 2019-2020, 2020-2021, 2021-2022, 2022-2023
and 2023-2024.



                                                                     [Notification No. 33 /2019/F.No.300196/63/2018-ITA-I]
                                                                                          RAJARAJESWARI R., Under Secy.




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