Section 10(46) of the Income-tax Act, 1961 Central Government notifies the ‘Maharashtra Electricity Regulatory Commission’, a Commission constituted by the State Government of Maharashtra, in respect of the following specified income arising to that Commission - 110/2016 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION No. 110/2016 New Delhi, the 1st December, 2016 S.O. 3605(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, the Maharashtra Electricity Regulatory Commission , a Commission constituted by the State Government of Maharashtra, in respect of the following specified income arising to that Commission, namely:- 1. Fees for Annual Licence; 2. Interest on Fixed Deposit and Savings Account; 3. Fees for Application / Petition filed; 4. Grants from Government of Maharashtra; 5. Fees for Documents; 6. Penalty for delayed payment of Annual Licence Fees; 7. Fees for RTI; 8. Sale of scrap. 2. This notification shall be applicable for the above specified income of the Maharashtra Electricity Regulatory Commission for the financial years 2015-16 to 2019-20. 3. This Notification shall be effective subject to the following conditions, namely:- (a) the Maharashtra Electricity Regulatory Commission does not engage in any commercial activity; (b) the activities and the nature of the specified income of Maharashtra Electricity Regulatory Commission remain unchanged throughout the financial years; and (c) the Maharashtra Electricity Regulatory Commission files returns of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Act, Income-tax Act, 1961 . [F. No.196/38/2015-ITA-I] DEEPSHIKHA SHARMA, Director