[Notification No. 121 /2021 F.No.300196/5/2021-ITA-I

(Department of Revenue)

New Delhi, the 13th October, 2021

S.O. 4263(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, ‘Punjab State Electricity
Regulatory Commission’, Chandigarh (PAN- AAAGT0052L), a commission established by the state government of
Punjab, in respect of the following specified income arising to the Commission, namely:-
(a) amount received in the form of processing fee for the determination of tariff;
(b) amount received in the form of license fee;
(c) amount received in the form of petition fee; and
(d) amount of interest income earned on bank deposits.
2. This notification shall be effective subject to the conditions that Punjab State Electricity Regulatory Commission, Chandigarh,-
(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 apply with respect to the financial years 2021-2022, 2022-2023, 2023-2024, 2024-2025 and 2025-2026.

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