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    <title>Section 10(46) of the Income-tax Act, 1961 Central Government notifies Assam Electricity Regulatory Commission, constituted by the Government of Assam, in respect of the following specified income arising to that Commission</title>
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    <description>Notification under Section 10(46) notifies Assam Electricity Regulatory Commission for exemption of specified income: government grants; licence fees, petition fees and fines; and interest earned on those amounts when kept as deposits or fixed deposits with banks. The exemption is subject to conditions that the Commission shall not engage in commercial activity, that the activities and nature of the specified income remain unchanged during the financial years, and that the Commission files returns of income as required by clause (g) of sub-section (4C) of section 139 of the Income-tax Act.</description>
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      <description>Notification under Section 10(46) notifies Assam Electricity Regulatory Commission for exemption of specified income: government grants; licence fees, petition fees and fines; and interest earned on those amounts when kept as deposits or fixed deposits with banks. The exemption is subject to conditions that the Commission shall not engage in commercial activity, that the activities and nature of the specified income remain unchanged during the financial years, and that the Commission files returns of income as required by clause (g) of sub-section (4C) of section 139 of the Income-tax Act.</description>
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