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Core Purpose

The Central Government notifies the Maharashtra Electricity Regulatory Commission for the purposes of Serial Number 42 in Schedule VII of the Income-tax Act, 2025, under powers conferred by Schedule VII and section 11 of the said Act.

Detailed Summary

The Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, issued Notification S.O. 4707(E) on August 25, 2026, exercising powers under Schedule VII [Table: Sl.No.42] read with section 11 of the Income-tax Act, 2025 (30 of 2025). This notification officially recognizes the "Maharashtra Electricity Regulatory Commission (PAN: AAAGM0004R)", a body constituted under the Electricity Regulatory Commissions Act, 1998 (No. 14 of 1998), for the specific purposes outlined in Serial Number 42 of Schedule VII of the Income-tax Act. The notification specifies that it will be effective from the tax year 2026-2027, contingent upon the Commission maintaining its status and fulfilling one or more of the purposes detailed in Schedule VII [Table: Sl.No.42] of the Income-tax Act. The notification is identified by F. No. 195/13/2025-ITA-I and signed by Hardev Singh, Under Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-25082026-275740 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 4522] NEW DELHI, TUESDAY, AUGUST 25, 2026/BHADRA 3, 1948 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th August, 2026 S.O. 4707(E). — In exercise of the powers conferred by Schedule VII [Table: Sl.No.42] read with section 11 of the Income-tax Act, 2025 (30 of 2025) (hereinafter referred to as the Income-tax Act), the Central Government hereby notifies the "Maharashtra Electricity Regulatory Commission (PAN: AAAGM0004R)" (hereinafter referred to as the assessee), a Commission constituted under the Electricity Regulatory Commissions Act, 1998 (No. 14 of 1998) for the purposes of that serial number. 2. This notification shall be effective from the tax year 2026-2027, subject to the condition that the assessee continues to be a Commission constituted under the Electricity Regulatory Commissions Act, 1998 (No. 14 of 1998), with one or more of the purposes specified in Schedule VII [Table: Sl.No.42] of the Income-tax Act. [Notification No. 117/2026/F. No. 195/13/2025-ITA-I] HARDEV SINGH, Under Secy. 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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