Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
NOTIFICATION No. 28/2015
New Delhi, Dated- 24th March, 2015
S.O. (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, “Bihar Electricity Regulatory Commission”, – a Commission constituted by the Government of Bihar in respect of the following specified income arising to that Commission, namely:-
(a) amount received in the form of Government grants;
(b) amount received as licence fee from licensees in electricity
(c) amount received as application processing fee; and
(d) interest earned on Government grants and fee received
2. This notification shall be applicable for the financial years 2011-12 to 2015-16.
3. The notification shall be effective subject to the conditions that the Bihar Electricity Regulatory Commission‑
(a) does not engage in any commercial activity;
(b) its activities and the nature of the specified income remain unchanged throughout the financial years; and
(c) it files return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the said Act.
Notification No. 28/2015 F.No.196/41/2013-ITA.I]
DEEPSHIKHA SHARMA
Director to the Government of India
