Notification No. 589E

A notification under section 80L of the Income-tax Act, 1961

What this is

Notification No. 589E was published on 20 August 1997. Its subject is A notification under section 80L 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.80L	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 clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government specified the 13.5 per cent--10 Year Industrial Reconstruction Bank of India Bonds (Taxable) (22nd Series) bearing distinctive numbers :--

(Rs.)

AD 000001 25,000

BL 000001 to 000007 1,83,00,000

BH 000001 to 000005 2,02,05,000

BY 000001 to 000038 42,37,70,000

CA 000001 to 000115 26,19,00,000

KN 000001 to 000009 27,00,000

MS 000001 to 000032 1,02,04,000

DH 000001 to 000614 1,28,20,000

TR 000001 to 000011 76,000

aggregating to an amount of Rs. 75 crores (rupees seventy-five crores only), issued by the then Industrial Reconstruction Bank of India now known as the Industrial Investment Bank of India Limited for the purpose of the said clause.

[Notification No. 10396/F. No. 178/85/93-ITA-I]

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. 117 — Following debentures specified under section 3 24 March 2005
Notification No. 116 — Following debentures specified under section 3 24 March 2005
Notification No. 115 — Following debentures specified under section 3 24 March 2005
Notification No. 50 — A notification under section 3 of the Income-tax Act, 1961 11 February 2005
Notification No. 49 — Notification Notification No. 49/2005, Dated 11-2-2005 11 February 2005
Notification No. 48 — Following debentures specified under section 3 11 February 2005

← Notification No. 591E · Notification No. 1876 →

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.