Section 10(46) of the Income-tax Act, 1961 – Central Government notifies “Bihar Electricity Regulatory Commission” a Commission constituted by the Government of Bihar, in respect of the certain specified income arising to the said Commission - 28/2015 - 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. 28/2015 New Delhi, the 24 th March, 2015 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, Bihar Electricity Regulatory Commission , a Commission constituted by the Government of Bihar 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 licence fee from licensees in electricity (c) amount received as application processing fee; and (d) interest earned on Government grants and fee received 2. This notification shall be applicable for the financial years 2011-12 to 2015-16. 3. The notification shall be effective subject to the conditions that the Bihar Electricity Regulatory Commission- (a) does not engage in any commercial activity; (b) its activities and the nature of the specified income remain unchanged throughout the financial years; and (c) it files return of income in accordance with the provision n of clause (e) of sub-section (4C) of section 139 of the said Act . [F.No.196/41/2013-ITA.I] DEEPSHIKHA SHARMA Director to the Government of India