Section 10(46) of the Income-tax Act, 1961 Central Government notifies the ‘Maharashtra Electricity Regulatory Commission’, a Commission constituted by the State Government of Maharashtra, in respect of the following specified income arising to that Commission - 110/2016 - Income Tax Act, 1961
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Tax exemption for regulatory commission: specified incomes exempted subject to non-commercial operation and statutory filing. Notification under section 10(46) designates the Maharashtra Electricity Regulatory Commission for exemption of specified incomes-including annual licence fees, interest on deposits, application/petition fees, State Government grants, document fees, penalties for delayed licence fees, RTI fees, and sale of scrap-subject to conditions that the Commission not engage in commercial activity, that its activities and the nature of the specified income remain unchanged, and that it files returns of income as required under the specified filing provision.
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: specified incomes exempted subject to non-commercial operation and statutory filing.
Notification under section 10(46) designates the Maharashtra Electricity Regulatory Commission for exemption of specified incomes-including annual licence fees, interest on deposits, application/petition fees, State Government grants, document fees, penalties for delayed licence fees, RTI fees, and sale of scrap-subject to conditions that the Commission not engage in commercial activity, that its activities and the nature of the specified income remain unchanged, and that it files returns of income as required under the specified filing provision.
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