Section 10(46) of the Income-tax Act, 1961 – Central Government notifies Competition Commission of India , a Commission established under sub-section (1) of section 7 of the Competition Act, 2002 (12 of 2003), in respect of the certain specified income arising to the said Commission https://www.taxtmi.com/notifications?id=118798 Notification exempts specified income of the Competition Commission-government grants, fees under the Competition Act and interest on those amounts-from tax under clause (46) of section 10, subject to conditions that the Commission not engage in commercial activity, maintain unchanged activities and income character, and file returns as prescribed; the exemption applies for the financial years specified in the instrument. en-us Fri, 19 Feb 2016 00:00:00 +0530 Mon, 22 Feb 2016 10:24:00 +0530 TaxTMI RSS Generator Section 10(46) of the Income-tax Act, 1961 – Central Government notifies Competition Commission of India , a Commission established under sub-section (1) of section 7 of the Competition Act, 2002 (12 of 2003), in respect of the certain specified income arising to the said Commission https://www.taxtmi.com/notifications?id=118798 Notification exempts specified income of the Competition Commission-government grants, fees under the Competition Act and interest on those amounts-from tax under clause (46) of section 10, subject to conditions that the Commission not engage in commercial activity, maintain unchanged activities and income character, and file returns as prescribed; the exemption applies for the financial years specified in the instrument. Notifications Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=118798