Section 10(46) of the Income-tax Act, 1961 – Central Government notifies Bihar Electricity Regulatory Commission, a body constituted by the State Government of Bihar, in respect of the specified income arising to that Commission - 101/2016 - Income Tax Act, 1961
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Specified income exemption: Bihar Electricity Regulatory Commission's notified income exempt subject to specified non-commercial conditions. Notification designates Bihar Electricity Regulatory Commission's exempt specified income as: government grants; licence fee from electricity licensees; application processing fees; and interest on grants and fees. The exemption is conditional: the Commission shall not engage in commercial activity; activities and the nature of the specified income must remain unchanged across the financial years; and the Commission must file returns as required under the relevant income-tax filing provision. The notification applies for financial years 2016-17 to 2020-21.
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.
Specified income exemption: Bihar Electricity Regulatory Commission's notified income exempt subject to specified non-commercial conditions.
Notification designates Bihar Electricity Regulatory Commission's exempt specified income as: government grants; licence fee from electricity licensees; application processing fees; and interest on grants and fees. The exemption is conditional: the Commission shall not engage in commercial activity; activities and the nature of the specified income must remain unchanged across the financial years; and the Commission must file returns as required under the relevant income-tax filing provision. The notification applies for financial years 2016-17 to 2020-21.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
