Section 10(46) of the Income-tax Act, 1961 – Central Government notifies constituted Government of Kerala to constitute “Kerala State Electricity Regulatory Commission”. - 85/2014 - Income Tax

[To be published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii)] Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Notification No. 85/2014 New Delhi, the 23 December, 2014 S.O. (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, Kerala State Electricity Regulatory Commission, a Commission constituted by the Government of Kerala in respect of the following specified income arising to that Commission, namely:- (a) amount received in the form of grants and loans from the Government of Kerala; (b) petition fees; (c) licence fees; (d) Interest earned from investment 2. This notification shall be applicable for the financial years 2012-2013 to 2016-2017. 3. The notification shall be subject to the conditions that the Kerala State Electricity Regulatory Commission:- (a) shall not engage in any commercial activity; (b) its activities and the nature of the specified income remain unchanged throughout the financial year; and (c) it files return of income in accordance with the provision of clause (g) of sub-section (4C) section 139 of the said Act. [F. No. 196/09/2014-ITA.I] (Deepshikha Sharma) Director to the Govt. of India