U/s 10(46) of IT Act 1961 - Central Government notifies ‘Maharashtra Electricity Regulatory Commission’ a commission established by the State Government of Maharashtra in respect of the specified income arising to that Commission

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....ue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 34/2020 New Delhi, the 23rd June, 2020 S.O. 2015(E).-In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, 'Maharashtra Electricity Regulatory Commission', Mumbai (PAN AAAGM0004R), a commission established ....

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....mployees; (o) Interest on Income tax Refund; and (p) Interest earned on Government Securities.] 2. This notification shall be effective subject to the conditions that Maharashtra Electricity Regulatory Commission, Mumbai,- (a) shall not engage in any commercial activity; (b) activities and the nature of the specified income shall remain unchanged throughout t....