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<h1>Andhra Pradesh Electricity Regulatory Commission's Specified Income Exempt from Tax u/s 10(46) of Income-tax Act.</h1> The Central Government has notified the Andhra Pradesh Electricity Regulatory Commission under Section 10(46) of the Income-tax Act, 1961, exempting specified income from taxation. This includes license fees under the Electricity Act, 2003, grants-in-aid from the government, and interest from investments or deposits in nationalized banks or financial institutions. The Commission must not engage in commercial activities, maintain consistent activities and income nature, and file income returns as per the Act. This notification applies retroactively for the financial year 2014-2015 and prospectively for 2015-2016 through 2018-2019.