S.O. 392(E) — Notification of a person, body or fund under section 80L of the Income-tax Act, 1961

What this is

S.O. 392(E) was published on 28 May 1999. Its subject is Notification of a person, body or fund under section 80L of the Income-tax Act, 1961.

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.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 hereby specifies--

(i) the Industrial Development Bank of India Regular Income Bonds bearing distinctive numbers IFR 000001 to 2323135 of the face value of rupees five thousand each ;

(ii) the Industrial Development Bank of India Growing Interest Bonds bearing distinctive numbers IFG 3000001 to 3135980 of the face value of rupees five thousand each ; and

(iii) the Industrial Development Bank of India Educational Bonds bearing distinctive numbers IFE 5000001 to 5021078 of the face value of rupees five thousand each,

issued by the Industrial Development Bank of India, Mumbai, a Corporation established under section 3 of the Industrial Development Bank of India Act of 1964 (18 of 1964), in its public issue of bonds in Flexibond-4 Series, for the purposes of the said clause.

[Notification No. 10945/F. No. 178/19/99-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

← S.O. 395(E) · S.O. 391(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.