MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 51/2018-Income Tax
New Delhi, the 14th September, 2018
S.O. 4865(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, ‘Jharkhand State Electricity Regulatory Commission’, Ranchi, a commission constituted by the State government of Jharkhand, in respect of the following specified income arising to the said Commission, namely:—
(a) Grants-in-aid from the State government of Jharkhand;
(b) Petition fees;
(c) License fees from Licensee under the Electricity Act 2003;
(d) Application fees;
(e) Fees for documents;
(f) Fees received under the provisions of the Right to Information Act, 2005; and
(g) Interest income on (a) to (f) above.
2. This notification shall be effective subject to the conditions that Jharkhand State Electricity Regulatory Commission, Ranchi,-
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income shall remain unchanged throughout the assessment 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.
3. This notification shall apply with respect to the assessment years 2019-2020, 2020-2021, 2021-2022, 2022-2023 and 2023-2024.
[Notification No. 51/2018/F. No. 300196/23/2018-ITA-I]
VINAY SHEEL GAUTAM, Under Secy.
