Notification No. 252 — Following assets specified under section 54EB

What this is

Notification No. 252 was published on 27 March 1997. Its subject is Following assets specified under section 54EB.

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.54EB	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 exercise of the powers conferred by sub-section (1) of section 54EB of the Income-tax Act 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following assets, referred to as the long-term specified assets, for the purposes of the said section, namely:---

1. All bonds, redeemable after a period of seven years of the Madhya Pradesh Electricity Board (MPEB), Jabalpur;

2. Equity shares amounting to Rs. 72 crores issued by DMCC Oil Terminals (Navlakhi) Ltd., Mumbai, held for a period of at least seven years.

3. In the notification Number S. O. 163(E), dated 4-3-1997, for the words "The Dharamsi Morarji Chemical Company Oil Terminals (Navlakhi) Ltd., Mumbai read "DMCC Oil Terminals (Navlakhi) Ltd., Mumbai."

[No. 10314/F. No. 142/58/96-TPL

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. 11315 — Following equity shares as long-term specified securities specified under section 54EB 31 March 2000
S.O. 314(E) — A notification under section 54EB of the Income-tax Act, 1961 30 March 2000
Notification No. 11313 — Following equity and preference shares and bonds and debentures long-term specified securities specified under section 5 30 March 2000
Notification No. 11311 — Following equity shares as long-term specified securities specified under section 54EB 30 March 2000
S.O. 280(E) — Following bonds as long-term specified securities specified under section 54EB 28 March 2000
Notification No. 11290 — Following debentures as long-term specified securities specified under section 54EB 28 March 2000

← Notification No. 254E · Notification No. 251E →

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.