The Central Government has notified that the Karnataka State Natural Disaster Monitoring Centre (PAN: AAATD2434P), established by the State Government of Karnataka, is exempt from income tax under clause (46) of section 10 of the Income-tax Act, 1961. This exemption applies to the following types of income:

1. Grants from the State and Central Governments,

2. Income from data sharing,

3. Interest on bank deposits.

The exemption is conditional upon the Centre not engaging in commercial activities, maintaining its current activities and income types, and filing income tax returns as required. This notification is retroactively effective for the assessment years 2021-2022, 2022-2023, and 2023-2024, and will continue to apply for the assessment years 2024-2025 and 2025-2026.