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Case law › Notifications › 2013 › Notification: 48 Date of Issue: 3/7/2013
Notification 3 July 2013

Notification: 48 Date of Issue: 3/7/2013

Section 10(46) of the Income-tax Act, 1961 - Exemptions - Statutory Body/authority/board/commission - Notified Body or Authority- Odisha Electricity Regulatory Commission

What this is

Notification: 48 Date of Issue: 3/7/2013 was published on 3 July 2013. Its subject is Section 10(46) of the Income-tax Act, 1961 - Exemptions - Statutory Body/authority/board/commission - Notified Body or Authority- Odisha Electricity Regulatory Commission.

This notifies a named person, body, fund or instrument for the purpose of a provision. Nothing in it changes the provision itself.

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.
Under the 1961 ActNow
s.10s.11, s.19
s.139s.2, s.263, s.349

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

SECTION 10(46) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - STATUTORY BODY/AUTHORITY/BOARD/COMMISSION - NOTIFIED BODY OR AUTHORITY- ODISHA ELECTRICITY REGULATORY COMMISSION
NOTIFICATION NO.48/2013 [F.NO.196/1/2012-ITA.1], DATED 3-7-2013
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 Odisha Electricity Regulatory Commission, a Commission established by the Government of Odisha, in respect of the following specified income arising to that Commission, namely :-

(a)

amount received in the form of Government grants;

(b)

amount received as licence fee from licensees in electricity;

(c)

amount received as application processing fee; and

(d)

interest earned on Government grants and fee received.

2. This notification shall be deemed to have been applied for the financial year 2012-13 and shall applicable for the financial years 2013-14, 2014-15, 2015-16 and 2016-17.
3. The notification shall be effective subject to the following conditions, namely:-

(a)

the Odisha Electricity Regulatory Commission does not engage in any commercial activity;

(b)

the activities and the nature of the specified income of Odisha Electricity Regulatory Commission remain unchanged throughout the financial year; and

(c)

the Odisha 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.

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

← Notification: 49 Date of Issue: 3/7/2013  ·  Notification: 47 Date of Issue: 26/6/2013 →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.