This notification, S.O. 1397(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, on March 19, 2019, grants an exemption under clause 46 of Section 10 of the Income-tax Act, 1961 to the Andhra Pradesh Electricity Regulatory Commission (APERC), Hyderabad. The exemption applies to the following specified income: (a) License fees received under the Electricity Act, 2003; (b) Grants-in-Aid received from the Government; and (c) Interest earned on (a) and (b).
The notification is subject to the conditions that APERC (a) shall not engage in any commercial activity; (b) maintains unchanged activities and the nature of the specified income throughout the financial years; and (c) files income tax returns in accordance with clause (g) of sub-section (4C) of Section 139 of the Income-tax Act, 1961.
This notification is applicable for the assessment years 2019-2020, 2020-2021, 2021-2022, 2022-2023, and 2023-2024. The notification number is 24/2019, and the file number is F. No. 300196/73/2018-ITA-I.
Key Entities Referenced
Income-tax Act, 1961: A law regarding income tax in India, referenced in the notification.
Central Board of Direct Taxes: An organization under the Department of Revenue, Ministry of Finance.
New Delhi: The location of the office issuing the notification.
Andhra Pradesh Electricity Regulatory Commission, Hyderabad, Telangana: A commission constituted under the Andhra Pradesh Electricity Reforms Act, 1998. Mentioned as an entity receiving notification.
Andhra Pradesh Electricity Reforms Act, 1998: A law under which the Andhra Pradesh Electricity Regulatory Commission was constituted.
Electricity Act, 2003: A law related to the electricity sector, under which license fees are received.
Ministry of Finance: The government ministry under which the Department of Revenue and Central Board of Direct Taxes operate.
Department of Revenue: A department under the Ministry of Finance.
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EXTRAORDINARY
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PART II—Section 3—Sub-section (ii)
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No. 1249] NEW DELHI, WEDNESDAY, MARCH 20, 2019/PHALGUNA 29, 1940
ििििवववव(cid:3)(cid:3)(cid:3)(cid:3) मममम(cid:7)(cid:7)ंं(cid:7)(cid:7)ंं ााााललललयययय
((((ररररााााजजजज(cid:4)(cid:4)(cid:4)(cid:4)वववव ििििववववभभभभाााागगगग))))
((((कककक(cid:12)(cid:12)(cid:12)(cid:12)(cid:13)(cid:13)(cid:13)(cid:13)ीीीीयययय (cid:16)(cid:16)(cid:16)(cid:16)(cid:17)(cid:17)(cid:17)(cid:17)यययय(cid:18)(cid:18)(cid:18)(cid:18) ककककरररर बबबबोोोोडडडड))(cid:22)(cid:22)))(cid:22)(cid:22)
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6)ली, 19 माच,(cid:12) 2019
ककककाााा....आआआआ.... 1111333399997777((((अअअअ))))....—क(cid:14)(cid:15) सरकार, आयकर अिधिनयम, 1961 (1961 का 43) क(cid:19) धारा 10 के खंड (46) (cid:21)ारा (cid:22)द(cid:23)
शि(cid:26)य(cid:28) का (cid:22)योग करत े !ए, उ(cid:26) ख%ड के (cid:22)योजन हते ,ु ‘आ,ं (cid:22)देश इलिै /0िसटी 2रफो4स (cid:12) ए/ट, 1998 (आं, (cid:22)देश सरकार
ए/ट, 1998 का 30) के तहत िन7म(cid:12)त’, आं, (cid:22)देश इलैि/0िसटी रेगलु ेटरी कमीशन, हदै राबाद, के संबंध म (cid:14)इस आयोग से होन े
वाली िन:िलिखत आय को होने वाली िन:िलिखत िविन;द<(cid:12) आय के बारे म(cid:14) अिधसूिचत करती ह,ै नामत:
(क) िव?ुत अिधिनयम, 2003 के तहत (cid:22)ा@ लाइस(cid:14)स शु(cid:6)क;
(ख) सरकार से (cid:22)ा@ सहायता अनदु ान; तथा
(ग) उपरो(cid:26) (क) तथा (ख) पर अ7ज(cid:12)त Dयाज।
2. यह अिधसूचना उन शतF के अGयधीन (cid:22)भावी होगी (cid:4)क आं, (cid:22)देश इलिै /0िसटी रेगुलेटरी कमीशन, हदै राबाद –
(क) (cid:4)कसी भी वािणिJयक गितिविध म(cid:14) शािमल नहK होगा;
(ख) िविन;द<(cid:12) आय क(cid:19) (cid:22)कृित तथा गितिविधयां, परू े िव(cid:23) वष(cid:12) के दौरान अप2रवतन(cid:12) ीय रहग(cid:14) ी; तथा
(ग) आयकर अिधिनयम, 1961 क(cid:19) धारा 139 क(cid:19) उपधारा – 4(ग) के खंड (छ) के (cid:22)ावधान के अनसु ार आय क(cid:19)
िववरणी दायर करेगा।
3. यह अिधसूचना, आंकलन वष (cid:12) 2020-2021, 2021-22, 2022-23, 2023-24 तथा 2024-25 के संबधं म(cid:14) लाग ू
होगी।
[अिधसूचना स.ं 24/2019/फा. सं. 300196/73/2018-आईटीए-I]
राजाराजेOरी आर., अवर सिचव
1808 GI/2019 (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 19th March, 2019
S.O. 1397(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, ‘Andhra
Pradesh Electricity Regulatory Commission’, Hyderabad, a Commission constituted under the Andhra
Pradesh Electricity Reforms Act, 1998 (Government of Andhra Pradesh Act 30 of 1998), in respect of the
following specified income arising to that Commission, namely:—
(a) Licence fee received under the Electricity Act, 2003;
(b) Grants-in-Aid received from Government; and
(c) Interest earned on (a) & (b) above.
2. This notification shall be effective subject to the conditions that Andhra Pradesh Electricity
Regulatory Commission, Hyderabad,-
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income shall remain unchanged throughout the financial years;
and
(c) shall file return 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 apply with respect to the assessment year 2019-2020, 2020-2021, 2021-2022,
2022-2023 and 2023-2024.
[Notification No. 24/2019/F. No. 300196/73/2018-ITA-I]
RAJARAJESWARI R., Under Secy.
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.