Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes


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]


Director to the Government of India

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