The Energy Conservation Act, 2001
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.
Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.
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