Home India Ministry of Finance Notification under section 10(46) of Income Tax Act, 1961 in...
Date: 2025-08-19 Category: Extra Ordinary State: Union Government Country: India

Notification under section 10(46) of Income Tax Act, 1961 in the case of Tamil Nadu Electricity Regulatory Commission

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

**Summary:** This notification, S.O. 3796(E), issued by the Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, on August 19, 2025, notifies the Tamil Nadu Electricity Regulatory Commission (PAN: AAAGT0048J) for the purposes of clause (46) of Section 10 of the Income-tax Act, 1961. The notification specifies that the following income streams of the Commission are covered: (a) Government Grants; (b) Fees levied under clause (g) of subsection (1) of Section 86 read with Section 181 of the Electricity Act, 2003; (c) Penalties levied under Section 146 of the Electricity Act, 2003; and (d) Interest earned on bank deposits. The notification is subject to the conditions that the Tamil Nadu Electricity Regulatory Commission (a) shall not engage in any commercial activity; (b) its activities and the nature of the specified income shall remain unchanged throughout the financial years; and (c) shall file a return of income as per the provision of clause (g) of subsection (4C) of Section 139 of the Income-tax Act, 1961. This notification is deemed to have been applied for the financial year 2022-2023 relevant to assessment year 2023-2024. The notification number is 1342025(F. No. 19686/2024-ITAI). The Deputy Secretary, Meenakshi Singh, issued the notification.

Key Entities Referenced

Income-tax Act, 1961: A law regarding income tax in India, referenced in the context of powers conferred by clause 46 of section 10. Central Board of Direct Taxes: A department under the Ministry of Finance, responsible for the notification. Ministry of Finance: The ministry under which the Department of Revenue and Central Board of Direct Taxes operate. Tamil Nadu Electricity Regulatory Commission: A body constituted by the Government of Tamil Nadu, being notified under the Income-tax Act. Government of Tamil Nadu: The state government that constituted the Tamil Nadu Electricity Regulatory Commission. Electricity Act, 2003: A law related to electricity, mentioned in relation to fees and penalties levied. Section 10: Reference to clause 46 of section 10 of the Income-tax Act, 1961. New Delhi: Location of the Central Board of Direct Taxes office where the notification was issued.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-19082025-265517 xxxGIDHxxx CG-DLxx-ExG-I1D9E0x8x2x0 25-265517 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 3692] नई दिल्ली, मगं लिार, अगस्ट्त 19, 2025/श्रािण 28, 1947 No. 3692] NEW DELHI, TUESDAY, AUGUST 19, 2025/SHRAVANA 28, 1947 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केन्द्रीय प्रत्यक्ष कर बोडड) अजधसचू ना नई दिल्ली, 19 अगस्ट् त, 2025 का.आ. 3796(अ).— केंद्र सरकार, आयकर अधिधियम, 1961 (1961 का 43) की िारा 10 के खंड (46) द्वारा प्रदत्त शधियों का प्रयोग करत े हुए ‘तधमलिाडु धिद्युत धिधियामक आयोग’ (पैि: AAAGT0048J) तजमलनाडु सरकार द्वारा गठित जनकाय, को एतद्द्वारा उि खडं के प्रयोजिों के धलए उस आयोग द्वारा उद्भतू होने िाली जनम्नजलजखत जिजनर्िडष्ट आय के सबं ंध में अजधसूजचत करती ह ैअर्ाडतः- (क) सरकारी अनुिान के रूप में प्राप्त राजि; (ख) जिद्युत अजधजनयम, 2003 की धारा 181 के सार् पठित धारा 86 की उपधारा (1) के खंड (छ) के अंतगडत लगाए गए िल्ु क; (ग) जिद्युत अजधजनयम, 2003 की धारा 146 के तहत लगाया गया िुमाडना; (घ) बैंक िमा पर अर्िडत ब्याि। 2. यह अजधसूचना इन ितों के अधीन प्रभािी होगी दक तजमलनाडु जिद्युत जनयामक आयोग- (क) दकसी भी िाजणजययक गजतजिजध में सलं ग्न नहीं होगा; 5518 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] (ख) गजतजिजधयााँ और जनर्िष्टड आय की प्रकृजत पूरे जित्तीय िर्ड में अपठरिर्तडत रहगे ी; तर्ा (ग) आयकर अजधजनयम, 1961 की धारा 139 की उपधारा (4ग) के खंड (छ) के प्रािधान के अनसु ार आयकर जििरणी िाजखल करेगा । 3. यह अजधसूचना कर जनधाडरण िर्ड 2023-2024 से सगं त धित्तीय िर्ष 2022-2023 के धलए लागू मािी जाएगी। [अधिसूचिा स.ं 134/2025/फा. स.ं 196/86/2024-आईटीए-I] मीिाक्षी ससंह, उप सजचि व्याख्यात्मक ज्ञापन यह प्रमाजणत दकया िाता ह ैदक इस अजधसूचना को पूिडव्यापी प्रभाि िेने से दकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पडेगा। MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 19th August, 2025 S.O. 3796(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, ‘Tamil Nadu Electricity Regulatory Commission’ (PAN AAAGT0048J), a body constituted by the Government of Tamil Nadu, in respect of the following specified income arising to that Commission, namely:- (a) Amount received in the form of Government Grants; (b) Fees levied under clause (g) of sub-section (1) of Section 86 read with Section 181 of the Electricity Act, 2003; (c) Penalties levied u/s 146 of the Electricity Act, 2003; (d) Interest earned on bank deposits. 2. This notification shall be effective subject to the conditions that ‘Tamil Nadu Electricity Regulatory Commission’- (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 be deemed to have been applied for the financial year 2022-2023 relevant to assessment year 2023-2024. [Notification No. 134/2025/F. No. 196/86/2024-ITA-I] MEENAKSHI SINGH, Dy. Secy. . Explanatory Memorandum It is certified that no person is being adversely affected by giving retrospective effect to this notification. 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.

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