CBDT Notifies Rajasthan Electricity Regulatory Commission for Sec 10(46) Exemption

The Central Board of Direct Taxes(CBDT) vide Notification No. 30/2022 dated 11th April 2022 notifies Rajasthan Electricity Regulatory Commission for Sec 10(46) Exemption.

The Notification is Given Below:

S.O. 1769(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, ‘Rajasthan Electricity Regulatory Commission’ (PAN AAABR0296D), a Commission constituted by the state Government of Rajasthan, in respect of the following specified income arising to that Commission, namely: –

(a) Petition filing fees;

(b) Licence fees; and

(c) Interest earned on investment.

2. This notification shall be effective subject to the conditions that Rajasthan 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.

3. This notification shall be deemed to have been applied for the period from 01.06.2020 to 31.03.2021 for the financial year 2020-2021 and 2021-2022 and shall apply with respect to the financial years 2022-2023, 2023-2024 and 2024-2025.

For Official Notification Download PDF Given Below: