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SECTION 10(46) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - STATUTORY BODY/AUTHORITY/BOARD/COMMISSION - NOTIFIED BODY OR AUTHORITY - HARYANA ELECTRICITY REGULATORY COMMISSION
NOTIFICATION NO. 35/2015 [F.NO.196/48/2012-ITA.1]/SO 992(E), DATED 10-4-2015
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 'Haryana Electricity Regulatory Commission', a Commission constituted under the Haryana Electricity Reform Act, 1997 (Haryana Act No.10 of 1998), in respect of the following specified income arising to that body, namely:—
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grants and loans made by the Government of Haryana; |
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fees received under the Electricity Act, 2003 (36 of 2003); |
| (c) |
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interest earned on government grants and loans and fees received under the Electricity Act, 2003 (36 of 2003). |
2. The notification shall be subject to the conditions that the Haryana Electricity Regulatory Commission:—
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shall not engage in any commercial activity; |
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its activities and the nature of the specified income remain unchanged throughout the financial years; and |
| (c) |
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it files return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the said Act. |
3. This notification shall be applicable for the Financial Years 2012-13 to 2016-17.
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