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The Central Government notifies the West Bengal Electricity Regulatory Commission for income tax exemption under clause (46) of section 10 of the Income-tax Act, 1961. The exemption applies to specific income from its fund and collected fees. The Commission must not engage in any commercial activity. The activities and the nature of the specified income must remain unchanged throughout the financial years. The Commission must file a return of income under section 139. This notification applies for the financial years 2021-2022 through 2025-2026.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 27th January, 2022
S.O. 357(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, ‘West Bengal Electricity Regulatory Commission’, Kolkata (PAN: AAAGW0011J), a Commission constituted by the State Government of West Bengal, in respect of the following specified income arising to that Commission, namely:-
[Notification No. 11 /2022/F. No. 300196/1/2022-ITA-I] SOURABH JAIN, Under Secy.
