Revision of Assessment Years under Income-tax Exemption Notification

Last updated: 06 November 2026

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This notification revises the applicable assessment years for the income tax exemption granted to the Andhra Pradesh Electricity Regulatory Commission. The original notification, dated 19.03.2019, has been amended to extend the period of applicability. The corrected assessment years now run from 2020-2021 up to 2024-2025.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
CORRIGENDUM
New Delhi, the 4th November, 2026

S.O. 6011(E).— In the English version of Notification no 24/2019/F. No. 196/73/2018-ITA-I dated 19.03.2019 whereby 'Andhra Pradesh Electricity Regulatory Commission', Hyderabad (PAN: AAAGA0114N) was notified under section 10(46) of the Income-tax act, 1961, following corrections are made in pursuance of powers under section 536 of Income Tax Act, 2025:-

In the paragraph no 3, “this notification shall apply with respect to the assessment year 2019-2020, 2020-2021,2021-2022, 2022-2023 and 2023-2024” shall be read as “this notification shall apply with respect to the assessment year 2020-2021, 2021-2022, 2022-2023, 2023-2024 and 2024-2025”.

Contents of Hindi Version of Notification no. 24/2019/F. No. 196/73/2018-ITA-I dated 19.03.2019 remain same.

[Notification No. 140 /2026 /F. No. 300196/73/2018-ITA-I]
HARDEV SINGH, Under Secy.

FAQ :

The assessment years for which the income tax exemption notification applies are being revised.

The Andhra Pradesh Electricity Regulatory Commission, Hyderabad is affected by this revision.

The original assessment years covered were 2019-2020, 2020-2021, 2021-2022, 2022-2023, and 2023-2024.

The new assessment years covered are 2020-2021, 2021-2022, 2022-2023, 2023-2024, and 2024-2025.

The original notification being amended is dated 19.03.2019.

Notification No : 140 /2026 IT
Source : https://www.incometaxindia.gov.in/documents/d/guest/notification-no-140-2026-pdf

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