TN Electricity Regulatory Commission Gets Income Tax Benefits on Specified Income

The Tamil Nadu Electricity Regulatory Commission (TNERC) has been granted "income tax benefits on specified income." This decision, which is a significant victory for the state body, was made on the grounds that its income is derived from activities that are for the public good. The ruling clarifies that a government body cannot be taxed on its income if it is not a commercial enterprise. The decision is a crucial reminder to all that such a body cannot be treated as a commercial enterprise.