U/s 10(46) of IT Act 1961 - Central Government notifies, Bihar Electricity Regulatory Commission’ a Commission constituted by the State Government of Bihar - 81/2022 - Income Tax Act, 1961
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Tax exemption for Bihar electricity commission: licence fees, application fees and related interest exempted subject to conditions. Notification under clause (46) of section 10 exempts specified income of Bihar Electricity Regulatory Commission: licence fees from electricity licensees; application processing fees; and interest on Government grants and on those fees. Exemption is conditional on the Commission not engaging in commercial activity, maintaining unchanged activities and the nature of specified income across the relevant financial years, and filing its return of income as required under the referenced 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 Bihar electricity commission: licence fees, application fees and related interest exempted subject to conditions.
Notification under clause (46) of section 10 exempts specified income of Bihar Electricity Regulatory Commission: licence fees from electricity licensees; application processing fees; and interest on Government grants and on those fees. Exemption is conditional on the Commission not engaging in commercial activity, maintaining unchanged activities and the nature of specified income across the relevant financial years, and filing its return of income as required under the referenced filing provision.
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