Central Board of Direct Taxes (CBDT) issued notification no. 134/2025 dated 19.08.2025 to provide exemption u/s 10(46) of the Income tax Act, 1961 to ‘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
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
Share this content: