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Case lawNotifications2015 › Notification No. 65/2015
Notification 13 August 2015

Notification No. 65/2015

Section 10(46) of the Income-tax Act, 1961 - Exemptions - statUtory body/authority/board/commission - notified body or authority - Telangana State Electricity Regulatory Commission

What this is

Notification No. 65/2015 was published on 13 August 2015. Its subject is Section 10(46) of the Income-tax Act, 1961 - Exemptions - statUtory body/authority/board/commission - notified body or authority - Telangana State 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 Do not quote from this page.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-I], Section 3, Sub-section (ii)]
Government of India
Minisiry of Finance
Department of Revenue
Central Board of Direct Taxes
Nowccsces Bakeaef 2015
NOTIFICATION
fo’
New Delhi, the [4 August, 2015:
8-O.5.....(E). - In exercise of the powers conferred by clause (46) of section [0
of the Income-tax Act, 1961 (43 of 1961}, the Central Government hereby notifies for the purposes of the said clause, “Telangana State Electricity Regulatory Commission”, a
Commission constituted by the Government of Telangana in respect of the following -
specified income arising to the said Commission, namely:-
(a) all fees received by the Commission under the Electricity Act, 2003 (36 of .
203}:
(b} grant. and loans received from the covernment of Telangana: and fc} interest camed on the amount deposited in the banks.
is This notification shall be effective subject to the conditions that Telangana State
Electricity Regulatory Commission. -
(a) shall not engage in any commercial activity; (b) 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: and (c) its activities and the nature of the specified income remain unchanged throughout the financial years;
5. This notification shall be applicable for the financial years 2014-14 to 2018-19.
ey S-ITA-I]
| -
DEEPSHIKHA SHARMA
Director to the Government of India
To
The Manager,
Government of India Press,
Mayapurt Press,
New Delhi.

Source: the department’s scanned file.

← Notification No. 64/2015  ·  Notification No. 66/2015 →

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.