34. Exemption from tax on wealth, income, profits and gains
Notwithstanding anything contained in–
(i)
the Wealth-tax Act, 1957 (27 of 1957);
(ii)
the Income-tax Act, 1961 (43 of 1961) ; or
(iii)
any other enactment for the time being in force relating to tax on wealth, income, profits or gains, the Authority shall not be liable to pay wealth-tax, income-tax or any other tax in respect of its wealth, income, profits or gains derived.