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.