Summary: CBDT, vide Notification No. 117/2026-Income Tax dated 25 August 2026 [S.O. 4707(E)], has notified the Maharashtra Electricity Regulatory Commission (PAN: AAAGM0004R) for the purposes of Schedule VII [Table: Sl. No. 42] read with section 11 of the Income-tax Act, 2025. The Commission was constituted under the Electricity Regulatory Commissions Act, 1998. The notification applies from the tax year 2026-2027, subject to the condition that the assessee continues to be a Commission constituted under the Electricity Regulatory Commissions Act, 1998 and continues to have one or more of the purposes specified in Schedule VII [Table: Sl. No. 42] of the Income-tax Act, 2025. The notification is identified as Notification No. 117/2026/F. No. 195/13/2025-ITA-I and has been issued by the Central Government in exercise of the powers conferred by the specified provisions. TaxGuru’s coverage of the Income-tax Act, 2025 provides related context on the new tax framework.
MINISTRY OF FINANCE
(Department of Revenue )
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 117/2026-Income Tax | Dated: 25th August, 2026
S.O. 4707(E).— In exercise of the powers conferred by Schedule VII [Table: Sl.No.42] read with section 11 of the Income-tax Act, 2025 (30 of 2025) (hereinafter referred to as the Income-tax Act), the Central Government hereby notifies the “Maharashtra Electricity Regulatory Commission (PAN: AAAGM0004R)” (hereinafter referred to as the assessee), a Commission constituted under the Electricity Regulatory Commissions Act, 1998 (No. 14 of 1998) for the purposes of that serial number.
2. This notification shall be effective from the tax year 2026-2027, subject to the condition that the assessee continues to be a Commission constituted under the Electricity Regulatory Commissions Act, 1998 (No. 14 of 1998), with one or more of the purposes specified in Schedule VII [Table: Sl.No.42] of the Income-tax Act.
[Notification No. 117 /2026/F. No. 195/13/2025-ITA-I]
HARDEV SINGH, Under Secy.
