U/s 10(46) of IT Act 1961 - Central Government notifies ‘Maharashtra Electricity Regulatory Commission’ a commission established by the State Government of Maharashtra in respect of the specified income arising to that Commission

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..... ECT TAXES) NOTIFICATION NO. 34/2020 New Delhi, the 23rd June, 2020 S.O. 2015(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, Maharashtra Electricity Regulatory Commission , Mumbai (PAN AAAGM0004R), a commission established by the State Gove .....

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..... s. ] 2. This notification shall be effective subject to the conditions that Maharashtra Electricity Regulatory Commission, Mumbai,- (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-sectio .....

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