CBDTNotificationNotification No. 56/201826 Sept 2018

Exemption of Specified Income for Chhattisgarh State Electricity Regulatory Commission

Who: Chhattisgarh State Electricity Regulatory Commission, Raipur
Action: 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.

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What changed

The Central Government notifies the Chhattisgarh State Electricity Regulatory Commission under section 10 of the Income-tax Act, 1961. The notification applies to specified income from state grants, license fees, petition fees, and penalties. The Commission must not engage in 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 of the Income-tax Act, 1961. The notification applies for the assessment years 2018-19, 2019-20, 2020-21, 2021-22, and 2022-23.

What you must do

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.

Key dates

Assessment Year 2018-19: Not dated
Assessment Years 2019-20, 2020-21, 2021-22 and 2022-23: Not dated

Law this touches

Who is affected

Chhattisgarh State Electricity Regulatory Commission, Raipur

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Written automatically from the official document. It is not a professional review, so check material decisions against the official record.

Document text

Prepared for reading; wording retained from the source.

Official source

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 26th September, 2018

S.O. 4983(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, ‘Chhattisgarh State Electricity Regulatory Commission’, Raipur, a Commission constituted by the Government of Chhattisgarh, in respect of the following specified income arising to that Commission, namely:—

(a) Grants received from State Government;
(b) Annual License fee under Electricity Act, 2003;
(c) Petition fees under Electricity Act, 2003;
(d) Penalty imposed under Electricity Act, 2003.

This notification shall be effective subject to the conditions that ‘Chhattisgarh State Electricity Regulatory Commission’, Raipur —

(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.

This notification shall be deemed to have been applied for the assessment years 2018-19 and shall apply with respect to the assessment years 2019-20, 2020-21, 2021-22 and 2022-23.

[Notification No. 56/2018/ F .No. 300196/45/2017-ITA-I] VINAY SHEEL GAUTAM, Under Secy.

Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

SARVESH KUMAR SRIVASTAVA Digitally signed by SARVESH KUMAR SRIVASTAVA Date: 2018.09.28 19:14:36 +05'30'

Source details

Official title: notification no. 56 /2018 f.no. 300196/45/2017 ita i / so 4983 e
Source: Central Board of Direct Taxes / Income Tax Department
Type: notification
Published by source: 26 Sept 2018
Document number: Notification No. 56/2018
Issuing division: Central Board of Direct Taxes
Coverage area: direct-tax

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Exemption of Specified Income for Chhattisgarh State Electricity Regulatory Commission

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