Notification No. 85/2014

New Delhi, the 23 December, 2014

S.O. (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, "Kerala State Electricity Regulatory Commission, a Commission constituted by the Government of Kerala in respect of the following specified income arising to that Commission, namely:-

(a) amount received in the form of grants and loans from the Government of Kerala;

(b) petition fees;

(c) licence fees;

(d) Interest earned from investment

2.  This notification shall be applicable for the financial years 2012-2013 to  2016-2017.

3.  The notification shall be subject to the conditions that the Kerala State Electricity Regulatory Commission:-

(a) shall not engage in any commercial activity;

(b) its   activities and the nature of the specified income remain unchanged throughout the  financial year; and

(c) it files return of income in accordance with the provision of clause (g) of sub-section (4C)  section 139 of the said Act.

 [F. No. 196/09/2014-ITA.I]

(Deepshikha Sharma)

Director to the Govt. of India