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THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 23rd February, 2017
S.O. 618(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 for the said clause, Assam
Electricity Regulatory Commission, constituted by the Government of Assam, in respect of the following
specified income arising to that Commission, namely:-
(a) amount received in the form of government grants;
(b) amount received as license fees, petition fees and fines; and
(c) interest earned on government grants, license fees, petition fees and fines kept as deposits or fixed
deposits with banks.
2.
This notification shall be effective subject to the conditions that Assam Electricity Regulatory
Commission,-
(a)
shall not engage in any commercial activity;
(b)
activities and the nature of the specified income remain unchanged throughout the financial
years; and
(c)
shall file returns of income in accordance with the provision of clause (g) of sub-section (4C) of
section 139 of the Income-tax Act, 1961.
3.
This notification shall be applicable for the financial year 2016-17 to 2020-21.
[Notification No. 14/2017/F. No. 196/30/2016-ITA-I]
DEEPSHIKHA SHARMA, Director
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
SARVESH KUMAR
SRIVASTAVA
Digitally signed by SARVESH
KUMAR SRIVASTAVA
Date: 2017.02.28 22:34:15
+05'30'
