(Department of Revenue)



New Delhi, the 8th July, 2022


S.O. 3142(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, ‘Bihar Electricity Regulatory Commission’ (PAN AAALB1099E), a Commission constituted by the State Government of Bihar, in respect of the following specified income arising to that Commission, namely:


  1. amount received as licence fee from licensees in electricity;
  2. amount received as application processing fee; and
  3. Interest earned on Government Grants and on (a) & (b) above.


  1. This notification shall be effective subject to the conditions that Bihar Electricity Regulatory Commission:-  


    1. shall not engage in any commercial activity;
    2. activities and the nature of the specified income shall remain unchanged throughout the financial years; and
    3. 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.


  1. This notification shall be deemed to have been applied for the financial year 2021-2022 and shall be applicable with respect to the financial years 2022-2023, 2023-2024, 2024-2025 and 2025-2026.


[Notification No. 81/2022/F. No. 300196/14/2021-ITA-I] SOURABH JAIN, Under Secy.


Explanatory Memorandum

It is certified that no person is being adversely affected by giving retrospective effect to this notification.