Notification No. 147/2025-Income Tax Dated: 15th September, 2025 u/s 10(46A) of the Income Tax Act, 1961 in the case of Tamil Nadu Electricity Regulatory Commission
The Ministry of Finance, Department of Revenue, through the Central Board of Direct Taxes (CBDT), has issued Notification No. 147/2025 dated 15 September 2025 under section 10(46A)(b) of the Income-tax Act, 1961. The notification grants exemption to the Tamil Nadu Electricity Regulatory Commission (PAN: AAAGT0048J), which is constituted under the Electricity Act, 2003. This exemption applies for assessment year 2024-25 onwards, subject to the condition that the Commission continues to function under the Electricity Act, 2003 and carries out one or more activities specified in section 10(46A)(a) of the Income-tax Act. The notification clarifies that its retrospective applicability will not adversely impact any person. The order has been signed by the Deputy Secretary, Ms. Meenakshi Singh, and is issued under file number 300195/9/2025-ITA-I.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 147/2025-Income Tax | Dated: 15th September, 2025
S.O. 4167(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43 of 1961), (hereinafter referred to as “the Income-tax Act”), the Central Government hereby notifies “Tamil Nadu Electricity Regulatory Commission” (PAN: AAAGT0048J) (hereinafter referred to as “the assessee”), a commission constituted under “The Electricity Act, 2003” (No. 36 of 2003), for the purposes of the said clause.
2. This notification shall be effective from the assessment year 2024-25, subject to the condition that the assessee continues to be a commission constituted under “The Electricity Act, 2003” (No. 36 of 2003) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.
[Notification No. 147/2025/ F. No. 300195/9/2025-ITA-I]
MEENAKSHI SINGH, Dy. Secy.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
