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Case law › Notifications › 1998 › Notification No. 405E
Notification 15 May 1998

Notification No. 405E

Scheme or project of construction specified under section 35AC

What this is

Notification No. 405E was published on 15 May 1998. Its subject is Scheme or project of construction specified under section 35AC.

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 ActNow
s.35ACno 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 Number S. O. 187(E), dated 12th March, 1997, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 3, construction, equipments and furnishing a building for Degree College at Ghumarwin, District Bilaspur, Himachal Pradesh of the Associated Cement Companies Limited, Cement House, 121, Maharishi Karve Road, Mumbai-400 020 as an eligible project or scheme for a period of two years beginning with the assessment year 1997-98;

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

And whereas the National Committee, 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 one year and enhancing the approved cost to rupees six hundred one lakhs twenty three thousand only;

Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project of construction, equipments and furnishing a building for Degree College at Ghumarwin, District Bilaspur, Himachal Pradesh of the Associated Cement Companies Limited, Cement House, 121, Maharishi Karve Road, Mumbai-400 020, at the estimated cost of rupees six hundred one lakh twenty-three thousand only for a further period of one year, i.e., assessment year 1999-2000 and enhancing the approved cost to rupees six hundred one lakh twenty-three thousand only.

[No. 10589/F. No. NC 29/98]

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. 406E  ·  Notification No. 404E →

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.