'Maharashtra Electricity Regulatory Commission’ - commission established by the State Government of Maharashtra - Specified income arising to that Commission - Seeks to amend Notification No. 34/2020 dated the 23rd June, 2020 - 22/2023 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 22/2023 New Delhi, the 17th April, 2023 S.O. 1751(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 makes the following amendments in the notification of the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes No. 34/2020 dated the 23rd June, 2020, published in Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide number S.O. 2015(E) dated the 23rd June, 2020 , namely:- In the said notification, in Paragraph 1, after clause (l), the following clauses shall be inserted and shall be deemed to have been inserted with effect from 23rd June, 2020, namely:- (m) Profit on sale of fixed assets; (n) Charges collected for the personal use of office vehicle by employees; (o) Interest on Income tax Refund; and (p) Interest earned on Government Securities. . [ F. No. 300196/53/2019-ITA-I] SOURABH JAIN, Under Secy. Explanatory Memorandum It is certified that no person is being adversely affected by giving retrospective effect to this notification. Note :-The principal notification was published in the Gazette of India, Extraordinary Part II, Section 3, Sub-section (ii) vide S.O. 2015(E) dated 23rd June, 2020.