Notification No. 3547

Institutions mentioned below notified under section 280ZB

What this is

Notification No. 3547 was published on 12 November 1965. Its subject is Institutions mentioned below notified under section 280ZB.

This notifies a named person, body, fund or instrument for the purpose of a provision. Nothing in it changes the provision itself.

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.

Under the 1961 Act	Now
s.280ZB	no counterpart recorded

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

In pursuance of clause (i) of the proviso to sub-section (2) of section 280ZB and of clause (i) of the proviso to sub-section (5) of section 280ZD of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the institutions mentioned below for the purposes of those clauses :---

1. The Industrial Development Bank of India, established under the Industrial Development Bank of India Act, 1964 (18 of 1964) ;

2. The Industrial Finance Corporation of India, established under the Industrial Finance Corporation Act, 1948 (15 of 1948) ;

3. All State Financial Corporations established under the State Financial Corporations Act, 1951 (63 of 1951) ;

4. The Industrial Credit and Investment Corporation of India Ltd ;

5. The Madras Industrial and Investment Corporation of India Ltd ;

6. Industrial Development Corporations established in India by State Governments ;

7. International Bank for Reconstruction and Development ;

8. International Finance Corporation, Washington ;

9. KREDITANSTALT FUR WIEDERAUBAU, West Germany ;

10. Agency for International Development, United States of America ;

11. Export-Import Bank, United States of America ;

12. Export-Import Bank, Japan ;

13. Ente Naxionale Idrocarburi, Italy ;

14. Medio Banca, SPA Milan, Italy ;

15. Compagnie Francaise d' Assurance au Commerce Exterieur, France ;

16. Commonwealth Development Finance Company Ltd., London ;

17. 'MEDIO CREDITO CENTRALE, ROME, ITALY' ;

18. 'OFFICE NATIONAL du DUCROIRE, Brussels.

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

Notification No. 3498 — Life Insurance Corporation of India established under the Life Insurance Corporation Act notified under section 280ZB 28 September 1968

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.