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 SECTION 10(46) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - STATUTORY BODY/AUTHORITY/BOARD/COMMISSION - NOTIFIED BODY OR AUTHORITY - RAJASTHAN ELECTRICITY REGULATORY COMMISSION

NOTIFICATION NO. 69/2013 [F.NO.196/6/2012-ITA.I]/SO 2806(E), DATED 18-9-2013

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, the Rajasthan Electricity Regulatory Commission, a Commission established by the Government of Rajasthan, in respect of the following specified income arising to that Commission, namely :-

"(a)   amount received as petition filing fee ;
(b)   interest earned on investment."

2. This notification shall be deemed to have been applied for the financial year 2012-13 and shall applicable for the financial year 2013-14, 2014-15, 2015-16 and 2016-17.

3. The notification shall be effective subject to the following conditions, namely:-

(a)   the Rajasthan Electricity Regulatory Commission does not engage in any commercial activity;
(b)   the activities and the nature of the specified income of Rajasthan Electricity Regulatory Commission remain unchanged throughout the financial year; and
(c)   the Rajasthan Electricity Regulatory Commission files return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-Tax Act, 1961.