The Central Board of Direct Taxes (CBDT) on August 01, 2023, issued a notification for the purposes of the Joint Electricity Regulatory Commission (for the State of Goa and Union Territories except Delhi), Gurugram (PAN: AAAJJ0668D) a commission constituted by the Government of India, in respect of the certain specified income arising to that Commission.
The following are the specified income arising to the Commission namely: -
• Petition fees
• License fees
• Other income in respect of reimbursement of Ombudsman expenses/and profit on sale/disposal of assets
• Interest earned on the aforementioned points
This notification shall be effective subject to the conditions that Joint Electricity Regulatory Commission, (for the State of Goa and Union Territories except Delhi), Gurugram namely: -
• Shall not engage in any commercial activity
• Activities and the nature of the specified income shall remain unchanged throughout the financial years
• Shall file a return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.
This notification shall be deemed to have been applied for assessment years 2022-23 and 2023-24 relevant for the financial years 2021-2022 and 2022-2023 respectively.
[Notification No. 3441(E)]
