MINISTRY OF FINANCE
                                                (Department of Revenue)
                                     (CENTRAL BOARD OF DIRECT TAXES)
                                                   NOTIFICATION
                                              New Delhi, the 9th April, 2019
        S.O. 1538(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, `Telangana State Electricity
Regulatory Commission', Hyderabad, a commission constituted by the State Government of Telangana, in respect of the
following specified income arising to that Commission, namely:--






(a)     Grants and loans received from the government of Telangana;
(b)     All fees and sums received by Telangana State Electricity Regulatory Commission, Hyderabad under the
        Electricity Act, 2003 (36 of 2003); and
(c)     Interest earned on (a) & (b) above.
2.     This notification shall be effective subject to the conditions that Telangana State 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 2020-2021, 2021-2022, 2022-2023, 2023-2024
and 2024-2025.
                                                                     [Notification No. 34/2019/F.No.300196/8/2019-ITA-I]
                                                                                        RAJARAJESWARI R., Under Secy.




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