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of <h1>Bihar Electricity Regulatory Commission Gets Tax Exemption for Specific Incomes Under Section 10(46) of Income-tax Act</h1> The Central Government, under Section 10(46) of the Income-tax Act, 1961, has notified the 'Bihar Electricity Regulatory Commission' for exemption on specified income types. These include government grants, license fees from electricity licensees, application processing fees, and interest earned on these amounts. This notification is applicable for financial years 2011-12 to 2015-16, provided the Commission does not engage in commercial activities, maintains the nature of its specified income, and files income returns as required by law.
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