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Compliance Calendar for the month of July, 2023 Simplifying Export Procedures: Tax-Free Supplies for International Trade


(Department of Revenue)



New Delhi, the 21st July, 2022

S.O. 3315(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, Odisha Electricity Regulatory Commission (PAN: AAALO0073B), a body constituted by the State Government of Odisha, in respect of the following specified income arising to that Commission, namely:-

  • Amount received as license fee from the licensees;
  • Amount received as application processing fee; and
  • Interest earned on Government Grants and on (a) & (b) above.
  • The provisions of this notification shall be effective subject to the conditions that Odisha Electricity Regulatory Commission, –
    • shall not engage in any commercial activity;
    • activities and the nature of the specified income remain unchanged throughout the financial years; and
    • shall file returns of income in accordance with the provision of clause (g) of sub-section (4C) section 139 of the Income-tax Act, 1961.
  • This notification shall be deemed to be 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. 85/2022/F. No. 300196/17/2022-ITA-I]


Explanatory Memorandum

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

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