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Case law › Notifications › 1998 › S.O. 621(E)
Notification 23 July 1998

S.O. 621(E)

Seven years 9 specified under section 10

What this is

S.O. 621(E) was published on 23 July 1998. Its subject is Seven years 9 specified under section 10.

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 ActNow
s.10s.11, s.19

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 item (h) of sub-clause (iv) of clause 15 of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies seven years 9.5 per cent. NHB---Golden Jubilee Rural Housing Finance tax Free Priority Sector bonds (1997-98) of Rs. 100,000 each for an amount of Rs. 200 crores (Rupees two hundred crores only) bearing distinctive numbers from A/00001 to A/20000 issued by the National Housing Bank for the purpose of the said item:

Provided that the benefit under the said item shall be admissible only if the holder of such bonds registers his/her name and the holding with the said bank.

[Notification No. 10648/F. No. 178/70/97-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. 10653  ·  S.O. 585(E) →

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.