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The Central Government notifies specified income of the State Load Despatch Centre Unscheduled Interchange Fund- West Bengal State Electricity Transmission Company Limited under section 10 clause 46 of the Income-tax Act, 1961. The specified income includes residual money in the unscheduled interchange pool balance account, income incidental to or related to unscheduled interchange, and interest on fixed deposits and auto-sweep accounts. The trust must not engage in any commercial activity, must keep its activities and the nature of the specified income unchanged throughout the financial years, and must file a return of income. The notification applies to assessment years 2018-2019, 2019-2020, 2020-2021, 2021-2022, and 2022-2023.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 14th September, 2018
S.O. 4867(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 State Load Despatch Centre Unscheduled Interchange Fund- West Bengal State Electricity Transmission Company Limited (PAN AAIAS0980J), a trust constituted under the Electricity Act, 2003 (36 of 2003) in respect of the following specified income arising to that trust, namely:-
[Notification No. 53/2018/F. No. 300196/41/2017-ITA-I] VINAY SHEEL GAUTAM, Under Secy.
Explanatory Memorandum:-It is certified that no person is being adversely affected by giving retrospective effect to this notification.
