Tax exemption for regulatory commission income: petition fees and investment interest exempt subject to non commercial activity and compliance. Notification grants tax exemption to the Rajasthan Electricity Regulatory Commission for amounts received as petition filing fees and interest earned on investment, effective for the notified financial years, subject to: the Commission not engaging in commercial activity; the activities and nature of the specified income remaining unchanged during the financial year; and filing return of income in accordance with the specified provision of the Income Tax Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemption for regulatory commission income: petition fees and investment interest exempt subject to non commercial activity and compliance.
Notification grants tax exemption to the Rajasthan Electricity Regulatory Commission for amounts received as petition filing fees and interest earned on investment, effective for the notified financial years, subject to: the Commission not engaging in commercial activity; the activities and nature of the specified income remaining unchanged during the financial year; and filing return of income in accordance with the specified provision of the Income Tax Act.
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