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The Central Government notifies the Tamil Nadu Electricity Regulatory Commission for the purposes of clause (46) of section 10 of the Income-tax Act, 1961. The notification applies to specified income from government grants, fees, penalties, and interest. The Commission must not engage in any commercial activity. The activities and 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 retrospectively for the period from 1 June 2011 to 31 March 2012 and for the financial years 2012-13, 2013-14, 2014-15, and 2015-16.
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MINISTRY OF FINANCE (Department of Revenue) CENTRAL BOARD OF DIRECT TAXES NOTIFICATION New Delhi, the 17th August, 2016
S.O. 2727(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, Tamil Nadu Electricity Regulatory Commission, a body constituted by Government of Tamil Nadu, in respect of the following specified income arising to that Commission, namely:-
[Notification No. 72 /2016 F.No.196/3/2012-ITA-I] DEEPSHIKHA SHARMA, Director
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. RAJ KUMAR Digitally signed by RAJ KUMAR Date: 2016.08.19 12:52:39 +05'30'
