CBDT notifies for Haryana Electricity Regulatory Commission

Sep 06, 2022 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Central Board of Direct Taxes [CBDT] on September 05, 2022, hereby notifies for the purposes of the said clause, ‘Haryana Electricity Regulatory Commission (PAN AAAGH0072G)’.

•Commission constituted under the Haryana Electricity Reform Act, 1997 (Haryana Act No.10 of 1998), in respect of the following specified income arising to that Commission, namely: 

(a) Fees collected under the Electricity Act of 2003 (36 of 2003),

(b) Interest accrued on grants and loans from the government as well as fees collected under the Electricity Act of 2003 (36 of 2003).

•Subject to the following requirements set forth by the Haryana Electricity Regulatory Commission:

(a) not partake in any business activity,

(a) Throughout the financial years, activities and the nature of the specified income must be constant,

(c) must submit an income tax return in accordance with the requirements of sub-section (4C) of section 139 of the Income-tax Act of 1961, clause (g). 

•The financial years 2022–2023, 2023–2024, 2024–2025, 2025–2026, and 2026–2027 are covered by this announcement.

[Notification No. S.O. 4155(E)]


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