Assam Electricity Regulatory Commission notified under clause (46) of section 10 of the Income-tax Act, 1961- Notification
S.O. 193(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Assam Electricity Regulatory Commission’ (PAN:AAAJA1243K), constituted by the Government of Assam, in respect of the following specified income arising to that Commission, namely:—
(a) amount received in the form of government grants;
(b) amount received as license fees, petition fees and fines; and
(c) interest earned on government grants, license fees, petition fees and fines kept as deposits or Fixed deposits with banks.
- This notification shall be effective subject to the conditions that Assam Electricity Regulatory Commission—
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income shall remain unchanged throughout the financial years; and
(c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961. - This notification shall be applicable for the financial years 2021-2022, 2022-2023, 2023-2024, 2024-2025 and 2025-2026.
Also Read: Clarification on Form 10ccb of the income tax act
Read More on Income-tax, CBDT
