Notified Body or Authority - Rajasthan Electricity Regulatory Commission

Section 10(46) of the Income-tax Act, 1961 - Exemptions – Statutory Body /Authority/ Board/ Commission - Notified Body or Authority - Rajasthan Electricity Regulatory Commission

Notification No. 69/2013, [F.NO.196/6/2012-ITA.I]/SO 2806(E), dated 18-09-2013

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 Rajasthan Electricity Regulatory Commission, a Commission established by the Government of Rajasthan, in respect of the following specified income arising to that Commission, namely :-

"(a) amount received as petition filing fee ;

 (b) interest earned on investment."

2. This notification shall be deemed to have been applied for the financial year 2012-13 and shall applicable for the financial year 2013-14, 2014-15, 2015-16 and 2016-17.

3. The notification shall be effective subject to the following conditions, namely:-

(a) the Rajasthan Electricity Regulatory Commission does not engage in any commercial activity;

(b) the activities and the nature of the specified income of Rajasthan Electricity Regulatory Commission remain unchanged throughout the financial year; and

(c) the Rajasthan Electricity Regulatory Commission files return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-Tax Act, 1961.

Source: Income Tax Department- India.