Notification No. 28/2015

Section 10(46) of the Income-tax Act, 1961 - Exemptions - staTutory body/authority/board/commission - Notified body or authority - Bihar Electricity Regulatory Commission

What this is

Notification No. 28/2015 was published on 24 March 2015. Its subject is Section 10(46) of the Income-tax Act, 1961 - Exemptions - staTutory body/authority/board/commission - Notified body or authority - Bihar Electricity Regulatory Commission.

This grants an exemption or a relief under a provision that allows one. Read the conditions attached: an exemption notification is construed strictly, and a condition missed is the exemption lost.

The instrument itself

The text, read by machine from the scan

This is not the department’s typed text. The department published this one as a scanned image of a signed paper, so there is no text in the file to copy. What follows was read off that image by optical character recognition and is reproduced without correction — the mistakes you can see are the machine’s, and there may be others you cannot. It is here so the document can be found and read; it is not a substitute for the file, which is linked below. Do not quote from this page.

/ [To be published in the Gazette of India, Extraordinary, Part-IL, Section 3. Sub-section (ii)
Govermnent of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
NOTIFICATION a
‘i
New. Delhi, the at Marel, 2073
§.0.__(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, “Bihar Electricity Regulatory Commission”, a Commission constituted by the
Government of Bihar in respect of the follawing specified income arising to that Commission, namely:
fa) amount received in the form of Government grants; (b) amount received as licence fee fram licensees in electricity:
(¢) amount received as application processing lee; and fd) interest earned on Government grants and fee received,
3. This notification shall be applicable for ihe financial years 2011-12 to 2015-16.
3..The notification shall be effective subject to the conditions thet the Bihar Electricity
Regulatory Commission-
(a) does not engage in any commercial activity:
(hb) its activities and the nature of the specified income remain unchanged throughout the financial years; and (c) it files return of income in accordance with the provision of clause (f} of sub-section (40)
of section 139 of the said Act.
[Notification NoA@S/2013 F,No.196/41/2013-IT AT]
i. , Ap
DEEPSHIRHA SHARMA
Director to the Government of India
To
The Manager,
Government of India Press,
Mavapurn Press,
New Delhi.

Source: the department’s scanned file.

← Notification No. 27/2015 · Notification No. 29/2015 →

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.