Tax exemption under clause 10(46A) extends to Karnataka Electricity Regulatory Commission subject to ongoing statutory conditions. The Karnataka Electricity Regulatory Commission is notified as an exempt entity under the Income-tax Act's exemption clause, effective from the assessment year 2025-26, conditional on its continued constitution under the Electricity Act and performance of one or more purposes specified in the exemption clause.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under clause 10(46A) extends to Karnataka Electricity Regulatory Commission subject to ongoing statutory conditions.
The Karnataka Electricity Regulatory Commission is notified as an exempt entity under the Income-tax Act's exemption clause, effective from the assessment year 2025-26, conditional on its continued constitution under the Electricity Act and performance of one or more purposes specified in the exemption clause.
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