Report No. 171
37. Exemption from Income-tax.-
Notwithstanding anything contained in the Income-tax Act, 1961 or any other enactment for the time being in force relating to tax on income, profits or gains, the National Authority, the State/Union territory Biodiversity Boards and the Local Biodiversity Boards shall not be liable to pay income-tax or any other tax in respect of their profits, income or gains.