Income exemption under section 10(46) extends tax-free treatment to specified Commission receipts subject to conditions. Notification grants income exemption under clause (46) of section 10 to the Tamil Nadu Electricity Regulatory Commission for government grants, specified regulatory fees, penalties under the Electricity Act, and interest on bank deposits, subject to conditions: no commercial activity, unchanged activities and income nature across financial years, and filing of return as required under the Income-tax Act; the notification is made retrospectively applicable to assessment years relevant to financial years 2017-18 through 2021-22.
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.
Income exemption under section 10(46) extends tax-free treatment to specified Commission receipts subject to conditions.
Notification grants income exemption under clause (46) of section 10 to the Tamil Nadu Electricity Regulatory Commission for government grants, specified regulatory fees, penalties under the Electricity Act, and interest on bank deposits, subject to conditions: no commercial activity, unchanged activities and income nature across financial years, and filing of return as required under the Income-tax Act; the notification is made retrospectively applicable to assessment years relevant to financial years 2017-18 through 2021-22.
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