Income tax exemption under section 10(46): Kerala State Electricity Regulatory Commission's specified incomes exempt subject to conditions. Notification under clause (46) of section 10 designates Kerala State Electricity Regulatory Commission as a notified body for exemption of specified income comprising State government grants and loans, licence fees and petition fees under the Electricity Act, 2003, and interest from investments. The exemption is subject to three conditions: no commercial activity, unchanged activities and income nature across financial years, and filing returns as required by clause (g) of sub section (4C) of section 139. The notification applies retrospectively to assessment year 2018 19 and to assessment years 2019 20 through 2022 23.