Ministry of Finance Department of Revenue Central Board of Direct Taxes

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

Issue Date: 19 August 2025 Published: 19 August 2025

Gazette ID: CG-DL-E-19082025-265517 Download PDF

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Core Purpose

The Central Government notifies the 'Tamil Nadu Electricity Regulatory Commission' for income tax exemption under clause (46) of section 10 of the Income-tax Act, 1961, for specific income types.

Detailed Summary

The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, through Notification S.O. 3796(E) dated 19th August, 2025, issued by the Central Government, notifies the 'Tamil Nadu Electricity Regulatory Commission' (PAN AAAGT0048J), a body constituted by the Government of Tamil Nadu, for the purposes of clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961). This notification exempts specific income arising to the Commission, including Government Grants; Fees levied under clause (g) of sub-section (1) of Section 86 read with Section 181 of the Electricity Act, 2003; Penalties levied under Section 146 of the Electricity Act, 2003; and Interest earned on bank deposits. The exemption is subject to conditions that the Commission shall not engage in any commercial activity, its activities and the nature of the specified income shall remain unchanged throughout the financial years, and it shall file a return of income in accordance with clause (g) of sub-section (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 is signed by MEENAKSHI SINGH, Dy. Secy. (Notification No. 134/2025/F. No. 196/86/2024-ITA-I).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-19082025-265517 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 3692] NEW DELHI, TUESDAY, AUGUST 19, 2025/SHRAVANA 28, 1947 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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