Section 10(46) of the Income-tax Act, 1961 Central Government notifies Odisha Electricity Regulatory Commission, a commission constituted by the State Government of Odisha, in respect of the following specified income arising to that Commission - 35/2017 - Income Tax

Superseded vide NOTIFICATION NO. 28/2019 dated 26-03-2019 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION No. 35/2017 New Delhi, the 28th April, 2017 S.O. 1359(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, the Odisha Electricity Regulatory Commission, a commission constituted by the State Government of Odisha, in respect of the following specified income arising to that Commission, namely:- (a) amount received as Licence fee from the Licensees; and (b) amount received as application processing fee. 2. The provisions of this notification shall be effective subject to the conditions that Odisha Electricity Regulatory Commission,- (a) shall not engage in any commercial activity; (b) activities and the nature of the specified income remain unchanged throughout the financial years; and (c) shall file returns of income in accordance with the provision of clause (g) of sub-section (4C) section 139 of the Income-tax Act, 1961. 3. This notification shall be deemed to have been applied for the financial years 2017-2018, 2018-2019, 2019-2020 and 2020-2021. [F. No. 300196/24/2016-ITA-I] DEEPSHIKHA SHARMA, Director