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The Central Government notifies the Kerala State Electricity Regulatory Commission under section 10 clause 46 of the Income-tax Act 1961 for specified income exemptions. The exemption applies to grants and loans from the Government of Kerala, petition fees, licence fees, and interest earned from investment. The notification applies for the financial years 2012-2013 to 2016-2017. The Commission must not engage in any commercial activity. The activities and the nature of the specified income must remain unchanged throughout the financial year. The Commission files return of income under section 139 sub-section 4C clause g.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 23rd December, 2014
S.O. 3262(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, “Kerala State Electricity Regulatory Commission, a Commission constituted by the Government of Kerala in respect of the following specified income arising to that Commission, namely:-
This notification shall be applicable for the financial years 2012-2013 to 2016-2017.
The notification shall be subject to the conditions that the Kerala State Electricity Regulatory Commission:-
[Notification No. 85/2014/F.No. 196/09/2014-ITA.I] DEEPSHIKHA SHARMA, Director
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