Specified income arising to a body or authority or Board or Trust or Commission/s u/s 10(46) of IT Act 1961 - ‘H P Electricity Regulatory Commission’ a Commission constituted by the Government of Himachal Pradesh notified. - 116/2022 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 116/2022 New Delhi, the 19th October, 2022 S.O. 4944(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, H P Electricity Regulatory Commission (PAN AAAJH0378N), a Commission constituted 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 investments made out of (a) to (c) above. 2. This notification shall be effective subject to the conditions that H P 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 Income-tax Act, 1961 . 3. This notification shall be applicable with respect to the financial years 2022-2023, 2023-2024, 2024-2025, 2025-2026 and 2026-2027. [F. No. 300196/33/2021-ITA-I] SOURABH JAIN, Under Secy.