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Case law › Notifications › 2025 › Notification No. 60/2025 [F.No.300195/17/2025-ITA-I] / SO 2690(E)
Notification 16 June 2025

Notification No. 60/2025 [F.No.300195/17/2025-ITA-I] / SO 2690(E)

2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)]

What this is

Notification No. 60/2025 [F.No.300195/17/2025-ITA-I] / SO 2690(E) was published on 16 June 2025. Its subject is 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)].

What it does

In exercise of the power under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961, the Central Government notifies the Karnataka Electricity Regulatory Commission, Bengaluru (PAN: AAAGK0112L), a commission constituted under the Electricity Act, 2003, for the purposes of that clause. The effect is that the assessee falls within section 10(46A) from the assessment year specified.

Who it reaches

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

The instrument, as the Board published it

The department publishes this one only as a PDF, so the words below were read out of that PDF by machine. That reading can carry its own mistakes — a misread number, a broken line. Check the signed document before you rely on a figure in it.

2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 16th June, 2025
S.O. 2690(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the
Income-tax Act, 1961 (43 of 1961), (hereinafter referred to as "the Income-tax Act"), the Central Government hereby
notifies the „Karnataka Electricity Regulatory Commission‟, Bengaluru (PAN: AAAGK0112L) (hereinafter referred to
as "the assessee"), a commission constituted under „The Electricity Act, 2003‟ (No. 36 of 2003), for the purposes of
the said clause.
2. This notification shall be effective from the assessment year 2025-26, subject to the condition that the assessee
continues to be a commission constituted under „The Electricity Act, 2003‟ (No.36 of 2003) with one or more of the
purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.
[Notification No. 60/2025/F.No.300195/17/2025-ITA-I]
MEENAKSHI SINGH, Dy. Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.

From when

Assessment year 2025-26.

What to watch

Where you meet it

In the Commission's return of income claiming exemption under section 10(46A) and in any assessment from assessment year 2025-26 onwards.

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 No. 59/2025 [F. No. 300196/06/2019-ITA-I] /SO 2689(E)  ·  Notification No. 56 /2025 [F.No.300164/4/2024-ITA-1] / SO 2576(E) →

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.