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THE ENERGY CONSERVATION ACT, 2001 · MISCELLANEOUS

Section 49 — Exemption from tax on income

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.