NOTIFICATION NO. SO 696(E) [NO.8/2018 (F.NO.196/38/2015-ITA-I)], DATED 16-2-2018

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, the ‘Maharashtra Electricity Regulatory Commission’, a Commission constituted by the State Government of Maharashtra, in respect of the following specified income arising to that Commission, namely:—

1.		Fees for Annual Licence;
2.		Interest on Fixed Deposit and Savings Account;
3.		Fees for Application / Petition filed;
4.		Grants from Government of Maharashtra;
5.		Fees for Documents;
6.		Penalty for delayed payment of Annual Licence Fees;
7.		Fees for RTI;
8.		Sale of scrap.

2. This notification shall be deemed to have been applied for the period 01.06.2011 to 31.03.2012 and for the financial years 2012-13 to 2014-15.

3. This Notification shall be effective subject to the following conditions, namely:—

(a)		the ‘Maharashtra Electricity Regulatory Commission’ does not engage in any commercial activity;
(b)		the activities and the nature of the specified income of ‘Maharashtra Electricity Regulatory Commission’ remain unchanged throughout the financial years; and
(c)		the ‘Maharashtra Electricity Regulatory Commission’ files returns of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Act, Income-tax Act, 1961.