U/s 10(46) of the Income-tax Act, 1961 Central Government notifies ‘Telangana State Electricity Regulatory Commission’, Hyderabad, a commission constituted by the State Government of Telangana, in respect of the specified income arising to that Commission - 34/2019 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 34/2019 New Delhi, the 9th April, 2019 S.O. 1538(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, Telangana State Electricity Regulatory Commission , Hyderabad, a commission constituted by the State Government of Telangana, in respect of the following specified income arising to that Commission, namely:- (a) Grants and loans received from the government of Telangana; (b) All fees and sums received by Telangana State Electricity Regulatory Commission, Hyderabad under the Electricity Act, 2003 (36 of 2003); and (c) Interest earned on (a) (b) above. 2. This notification shall be effective subject to the conditions that Telangana State Electricity Regulatory Commission, Hyderabad- (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 apply with respect to the assessment year 2020-2021, 2021-2022, 2022-2023, 2023-2024 and 2024-2025. [F.No.300196/8/2019-ITA-I] RAJARAJESWARI R., Under Secy.