This notification, S.O. 1359(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes on April 28, 2017, grants an exemption under clause 46 of section 10 of the Income-tax Act, 1961 to the Odisha Electricity Regulatory Commission (OERC). The exemption applies to the following specified income of the OERC: (a) amounts received as license fees from licensees; and (b) amounts received as application processing fees. The notification is subject to the conditions that the OERC (a) does not engage in any commercial activity; (b) maintains consistent activities and the nature of the specified income throughout the financial years; and (c) files returns of income in accordance with clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961. This notification is deemed to have been applied for the financial years 2017-2018, 2018-2019, 2019-2020 and 2020-2021. The notification number is 35/2017, F. No. 300196/24/2016-ITA-I, and was issued by Deepshikha Sharma, Director.
Key Entities Referenced
Ministry of Finance: A department of the Government of India.
Department of Revenue: A department under the Ministry of Finance.
Central Board of Direct Taxes: An agency under the Department of Revenue, Ministry of Finance.
Income-tax Act, 1961: An act of the Parliament of India.
Odisha Electricity Regulatory Commission: A commission constituted by the State Government of Odisha.
State Government of Odisha: The governing body of the state of Odisha, India.
New Delhi: The location of the notification and the capital of India.
Deepshikha Sharma: Director
REGD. NO. D. L.-33004/99
EXTRAORDINARY
II— — (ii)
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
1199]
No. 1199] NEW DELHI, FRIDAY, APRIL 28, 2017/VAISAKHA 8, 1939
वित्त म्त रालयय
(ररालजस्िविभरालग)
)कर्ोबयकत्ययकरबद्रेंक(
अवधसचू नराल
नईददल्यब,28अकैय,2017
कराल.आ.1359)अ(.—आयकरअवधवनयम, 1961 (1961 कराल 43) कीधरालरराल 10 करालउप-िरालक्य (46) केतहतकदत्तशवियोंकराल
कयद्रगकरतेहुए, एतद्द्वरालररालउक्तउप-िरालक्यकेउद्देश्यकेवयएओवेंशरालविद्युतविवनयरालमकआयद्रगजद्रदक,ओवेंसरालसरकरालरद्वरालररालगठित
आयद्रगह,ैकद्रइसआयद्रगकद्रवनम्नवयवखतविवन्द् सेहद्रनेिरालयबआयकेसतबम्धमर्अवधसूवचतकरतबहै,यथराल:—
)क( विद्युतमर्अनुज्ञविधरालठरयोंसेअनुज्ञविशुल्ककेरूपमर्करालिररालवश;और
)ख( आिेदनकेकद्रसेससगशुल्ककेरूपमर्करालिररालवश।
2. अवधसूचनरालकेकरालिधरालनइसशतककेसरालथयरालगूहोंगेदकओवेंसरालविद्युतविवनयरालमकअयद्रग:—
)क( दकसबअन्यिरालविवययकदियरालकयरालपमर्सतयग्ननहींहद्रगराल;
)ख( केदियरालकयरालपऔरइसतरहकीविवन्दष्टआयकेस्िरूपमर्पूरेवित्तबयिर्षोंमर्कद्रईबदयरालिनहींहद्रगराल; और
(ग) उक्तअवधवनयमकीधरालरराल 139 कीउपधरालरराल (4ग) केउप-िरालक्य (छ) केकरालिधरालनोंकेअनुसरालरअपनरालआयकरठर नक
भररालकरेगराल।
3 यहअवधसूचनरालवित्तबयिर्षों2017-2018,2018-2019,2019-2020और2020-2021केवयएयरालगूमरालनबजरालएगब।
[अवधसूचनरालसत. 35/2017/फराल.सत.300196/24/2016-आई बए-I]
दबपवशखरालशमराल,कवनदशे क
2831 GI/2017 (1)2 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 28th April, 2017
S.O. 1359(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, the Odisha Electricity
Regulatory Commission, a commission constituted by the State Government of Odisha, in respect of the following
specified income arising to that Commission, namely:—
(a) amount received as Licence fee from the Licensees; and
(b) amount received as application processing fee.
2. The provisions of this notification shall be effective subject to the conditions that Odisha 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) section
139 of the Income-tax Act, 1961.
3. This notification shall be deemed to have been applied for the financial years 2017-2018, 2018-2019, 2019-
2020 and 2020-2021.
[Notification No. 35 /2017/ F. No. 300196/24/2016-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.