S.O. 332(E)

16% (Taxable) Unsecured Redeemable Bonds (Series II) bearing distinctive numbers from 199927 to 389908 of Rs specified under section 18L

What this is

S.O. 332(E) was published on 13 May 1999. Its subject is 16% (Taxable) Unsecured Redeemable Bonds (Series II) bearing distinctive numbers from 199927 to 389908 of Rs specified under section 18L.

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.18L	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 hereby specifies the 16% (Taxable) Unsecured Redeemable Bonds (Series II) bearing distinctive numbers from 199927 to 389908 of Rs. 10,000 each aggregating to an amount of rupees one hundred eighty nine crores ninety eight lakhs twenty thousand only issued by the Punjab National Bank for the purposes of the said clause.

[Notification No. 10924/F. No. 178/2/97-ITA-I]

← Notification No. 10924 · S.O. 331(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.