Specified income arising to a body or authority or Board or Trust or Commission u/s 10(46) of IT Act 1961 - Haryana Electricity Regulatory Commission notified for specified income. - 108/2022 - Income Tax Act, 1961
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Specified income notification grants tax-exempt status for regulator fees and interest subject to non commerciality and compliance. Central Government notifies Haryana Electricity Regulatory Commission as entitled to specified income treatment for fees received under the Electricity Act and interest on government grants and loans and fees; subject to conditions that the Commission shall not engage in commercial activity, that activities and the nature of specified income remain unchanged across the relevant financial years, and that the Commission files its return of income as required under the Income-tax Act.
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 notification grants tax-exempt status for regulator fees and interest subject to non commerciality and compliance.
Central Government notifies Haryana Electricity Regulatory Commission as entitled to specified income treatment for fees received under the Electricity Act and interest on government grants and loans and fees; subject to conditions that the Commission shall not engage in commercial activity, that activities and the nature of specified income remain unchanged across the relevant financial years, and that the Commission files its return of income as required under the Income-tax Act.
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