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<h1>Central Government Notifies Tax Exemption for Joint Electricity Regulatory Commission u/s 10(46) of Income-tax Act.</h1> The Central Government, under Section 10(46) of the Income-tax Act, 1961, has notified the 'Joint Electricity Regulatory Commission' for Goa and Union Territories (excluding Delhi) regarding specified income. This includes petition fees, license fees, and interest earned on these fees. The notification is effective provided the Commission does not engage in commercial activities, maintains the nature of its income, and files returns as per legal requirements. This applies retrospectively for assessment years 2017-2018 and 2018-2019, and prospectively for 2019-2020 to 2021-2022. The notification ensures no adverse effects on any individual.