Notification No. 298E

A notification under section 35AC of the Income-tax Act, 1961

What this is

Notification No. 298E was published on 4 April 1995. Its subject is A notification under section 35AC of the Income-tax Act, 1961.

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.35AC	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.

Whereas by Notification No. S.O. 228(E), dated 17th March, 1994, issued under clause (b) of Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 8--(a) Construction of 6 Balsadans ; (b) Maintenance of 60 orphans and destitute children ; and (c) Construction of vocational training Centre at Gutnumber, 203, Village Bhaje, Taluk Maval, District Pune, Maharashtra of Social Action for Manpower Creation, Gulmohar, 33/10, Viman Nagar, Nagar Road, Pune-411 014, as an eligible project or scheme for a period of two assessment years commencing from the assessment year 1994-95 ;

And whereas the said project or scheme is likely to extend beyond two years ;

And whereas the National Committee has, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962, for specifying the said project or scheme for a further period of three years ;

Now, therefore, the Central Government in exercise of the powers conferred by clause (b) of Explanation to section 35AC of the Income-tax Act, 1961, hereby specifies--(a) Construction of 6 Balsadans ; (b) Maintenance of 60 orphans and destitute children ; and (c) Construction of vocational training Centre at Gutnumber, 203, Village Bhaje, Taluk Maval, District Pune, Maharashtra of Social Action for Manpower Creation, Gulmohar, 33/10, Viman Nagar, Nagar Road, Pune-411 014, at the estimated cost of rupees twenty-four lakhs twenty four thousand, as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1996-97.

[No. 9746/F. No. NC-4/95

What it names

Rules it names. Rule 11M of the Income-tax Rules, 1962. The 1962 Rules were replaced by the Income-tax Rules, 2026, which renumbered nearly everything: a rule number quoted here almost never means the same rule today.

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. 3/2022 — Specifying forms returns statements reports orders by whatever name called prescribed in appendix ii to be furnished ele 16 July 2022
Notification No. 2/2019 [F. No. V. 27013/3/2018-SO(NAT.COM)]/SO 3122(E) — Ministry of Finance 28 August 2019
Notification No. 1/2019 [F. No. V. 27013/3/2018-SO(NAT.COM)] / SO 1706(E) — Ministry of Finance 8 May 2019
Notification No. S.O. 1706 [No. 1/2019 (F.No.V.27013/3/2018-SO(nat.com)] — Section 35AC of the Income-tax Act, 1961, read with rule 11G of the Income-tax Rules, 1962 - Eligible Projects or Scheme 8 May 2019
Notification No. 2/2018 [F.No.V.27013/3/2018-SO(NAT.COM)] SO 5160(E) — Ministry of Finance 5 October 2018
Notification No. 1/2018 [F.No.V.27013/3/2018-SO(NAT.COM)] / SO 1658(E) — MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 17th April, 2018 S.O 17 April 2018

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.