CBDT notifies Kerala State Electricity Regulatory Commission under Section 10(46) vide Notification No. 117/2022-Income Tax | Dated: 19th October, 2022.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi
Notification No. 117/2022-Income Tax | Dated: 19th October, 2022
S.O. 4936(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 (PAN: AAALK1 634N), a Commission established by the State Government of Kerala, in respect of the following specified income arising to that Commission, namely:-
(a) Amount received in the form of grants and loans received from State Government of Kerala;
(b) License fees under Electricity Act, 2003;
(c) Petition fees under Electricity Act, 2003; and
(d) Interest earned on investments made out of (a), (b) & (c) above.
2. The provisions of this notification shall be effective subject to the conditions that Kerala State Electricity Regulatory Commission, –
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income remain unchanged throughout the financial years; and
(c) shall file returns of income in accordance with the provision of clause (g) of sub-section (4C) section 139 of the Income-tax Act, 1961.
3. This notification shall be applicable for the financial years 2022-23, 2023-2024, 2024-2025, 2025- 2026 and 2026-27.
[Notification No. 117/2022/F. No. 300196/33/2022-ITA-I]
SOURABH JAIN, Under Secy.
