Tamil Nadu Electricity Regulatory Commission exempted from Income Tax u/s 10(46A), CBDT Notifies [Read Notification]
The Ministry of Finance further clarified that giving retrospective effect to this notification will not adversely affect any taxpayer
The Central Board of Direct Taxes (CBDT), through Notification dated 15th September 2025, has notified the Tamil Nadu Electricity Regulatory Commission as an eligible authority under Section 10(46A) of the Income-tax Act, 1961.
The Commission, constituted under the Electricity Act, 2003 , has been granted exemption in respect of its specified income.
The notification clarifies that this exemption will apply with effect from the assessment year 2024-25, subject to the condition that the Commission continues to remain a statutory body under the Electricity Act, 2003 and carries out one or more of the purposes outlined in sub-clause (a) of Section 10(46A).
The Ministry of Finance further clarified that giving retrospective effect to this notification will not adversely affect any taxpayer.
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Section 10(46A) of the Income-tax Act exempts certain incomes, and the Tamil Nadu Electricity Regulatory Commission is joining other statutory entities and development authorities that the Central Government has notified of this.
The notification reads as follows:
“In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43 of 1961), (hereinafter referred to as “the Income-tax Act”), the Central Government hereby notifies “Tamil Nadu Electricity Regulatory Commission” (PAN: AAAGT0048J) (hereinafter referred to as “the assessee”), a commission constituted under “The Electricity Act, 2003” (No. 36 of 2003), for the purposes of the said clause.
2. This notification shall be effective from the assessment year 2024-25, subject to the condition that the assessee continues to be a commission constituted under “The Electricity Act, 2003” (No. 36 of 2003) with one or more of the purposes specified in sub-clause (a) of clause (46A) of section 10 of the Income-tax Act.”
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