U/s 10(46) of the Income-tax Act, 1961 Central Government notifies Himachal Pradesh Electricity Regulatory Commission, a commission established by the Government of Himachal Pradesh, in respect of the specified income arising to that Commission - 76/2017 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 76/2017 New Delhi, the 28th July, 2017 S.O. 2384(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 Himachal Pradesh Electricity Regulatory Commission, a commission established by the Government of Himachal Pradesh, 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 license fee from licensees in electricity; (c) amount received as Court fee or petition fee; and (d) interest earned on Government grants and fee received. 2. This notification shall be effective subject to the conditions that Himachal Pradesh 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 said Act. 3. This notification shall apply with respect to the financial years 2017-2018, 2018-2019, 2019-2020, 2020-2021 and 2021-2022. [F. No. 300196/4/2017-ITA-I] DEEPSHIKHA SHARMA, Director