Income Tax Notification No. 56 /2018 [F.No. 300196/45/2017-ITA-I] / SO 4983(E)

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 26th September, 2018

S.O. 4983(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, Chhattisgarh State Electricity Regulatory Commission, Raipur, a Commission constituted by the Government of Chhattisgarh, in respect of the following specified income arising to that Commission, namely: (a) Grants received from State Government; (b) Annual License fee under Electricity Act, 2003; (c) Petition fees under Electricity Act, 2003; (d) Penalty imposed under Electricity Act, 2003. 2. This notification shall be effective subject to the conditions that Chhattisgarh State Electricity Regulatory Commission, Raipur (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 assessment years 2018-19 and shall apply with respect to the assessment years 2019-20, 2020-21, 2021-22 and 2022-23.

[Notification No. 56/2018/ F .No. 300196/45/2017-ITA-I] VINAY SHEEL GAUTAM, Under Secy.