LawgistThe Energy Conservation Act
49Exemption from tax on income
Notwithstanding anything contained in the Income-tax Act, 1961 (43 of 1961) or any other enactment for the time being in force relating to tax on income, profits or gains--
(a) the Bureau;
(b) the existing Energy Management Centre from the date of its constitution to the date of establishment of the Bureau,
shall not be liable to pay any income-tax or any tax in respect of their income, profits or gains derived.
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MISCELLANEOUS
- 46 Power of Central Government to issue directions to Bureau
- 47 Power of Central Government to supersede Bureau
- 48 Default by companies
- 49 Exemption from tax on income
- 50 Protection of action taken in good faith
- 51 Delegation
- 52 Power to obtain information
- 53 Power to exempt
- 54 Chairperson, Members, officers and employees of the Appellate Tribunal, Members of State Commission, Director-General, Secretary, members, officers and employees of the Bureau to be public servants
- 55 Power of Central Government to issue directions
- 56 Power of Central Government to make rules
- 57 Power of State Government to make rules
- 58 Power of Bureau to make regulations
- 59 Rules and regulations to be laid before Parliament and State Legislature
- 60 Application of other laws not barred
- 61 Provisions of Act not to apply in certain cases
- 62 Power to remove difficulty
