The Central Government, through the Central Board of Direct Taxes, issued Notification No. 53/2026 dated 31 March 2026 under section 10(46A)(b) of the Income-tax Act, 1961, notifying the Rajasthan Electricity Regulatory Commission as an eligible entity for the purposes of the said provision. The Commission, constituted under the Electricity Regulatory Commissions Act, 1998, has been recognized as an assessee entitled to benefits under section 10(46A), subject to prescribed conditions. The notification specifies that the recognition will be effective from the assessment year 2026–27 onwards. It further clarifies that the benefit is conditional upon the entity continuing to function as a Commission under the 1998 Act and carrying out one or more of the purposes specified under section 10(46A)(a) of the Income-tax Act. Thus, the notification formally grants tax treatment under the Act, contingent on continued statutory compliance and functional alignment with specified objectives.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 53/2026 – Income Tax | Dated: 31st March, 2026
S.O. 1664(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 “Rajasthan Electricity Regulatory Commission” (PAN: AAABRO296D) (hereinafter referred to as “the assessee”), a Commission constituted under the Electricity Regulatory Commissions Act, 1998 (No. 14 of 1998), for the purposes of the said clause.
2. This notification shall be effective from the assessment year 2026-27, 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 sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.
[Notification No. 53/2026/F.No.300195/48/2025-ITA-I]
HARDEV SINGH, Under Secy.
