CBDT notifies Rajasthan Electricity Regulatory Commission under section 10(46) of Income Tax Act vide Notification No. 30/2022-Income Tax Dated: 11th April, 2022.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
S.O. 1769(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, ‘Rajasthan Electricity Regulatory Commission’ (PAN AAABR0296D), a Commission constituted by the state Government of Rajasthan, in respect of the following specified income arising to that Commission,
(a) Petition filing fees;
(b) Licence fees; and
(c) Interest earned on investment.
2. This notification shall be effective subject to the conditions that Rajasthan Electricity Regulatory Commission, –
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income shall remain unchanged throughout the financial years; and
(c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.
3. This notification shall be deemed to have been applied for the period from 01.06.2020 to 31.03.2021 for the financial year 2020-2021 and 2021-2022 and shall apply with respect to the financial years 2022-2023, 2023-2024 and 2024-2025.
[Notification No. 30/2022/F.No.300196/27/2016-ITA-I (Pt.-1)]
SOURABH JAIN, Under Secy.
It is certified that no person is being adversely affected by giving retrospective effect to this notification.