MINISTRY OF FINANCE
                                                 (Department of Revenue)
                                       (CENTRAL BOARD OF DIRECT TAXES)
                                                     NOTIFICATION
                                               New Delhi, the 27th June, 2019
          S.O.2163(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, `Karnataka Electricity Regulatory
Commission', Bengaluru (PAN AAAGK0112L), a commission established by the Government of Karnataka, in respect
of the following specified income arising to that Commission, namely:-
(a)     Grant by Government of Karnataka;
(b)     Annual Fees;
(c)     Tariff Application Fees;
(d)     Power Purchase Agreement processing fees;
(e)     Fines and Penalties (if levied);
(f)     Miscellaneous receipts like copying charges of various documents sale of retail tariff orders sale of regulations,
        RTI application fees etc.; and
(g)     Interest earned on (a) to (f) above.
2.      This notification shall be effective subject to the conditions that Karnataka Electricity Regulatory Commission,
Bengaluru -
(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.49/2019, F.No.300196/33/2019-ITA-I]
                                                                                       RAJARAJESWARI R., Under Secy.




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