VittSphere ONE Calculators Blog CA Firm CA Prabhakar Kumar · FCA · ICAI 560762
Calculators Blog Handle my notice
Case law › Notifications › 2000 › Notification No. 11359
Notification 10 May 2000

Notification No. 11359

A notification under section 10 of the Income-tax Act, 1961

What this is

Notification No. 11359 was published on 10 May 2000. Its subject is A notification under section 10 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 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.

It is notified for general information that undertakings, listed at para (3) below have been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the asst. yrs. 2000-2001, 2001-2002 and 2002-2003.

2. The approval is subject to the condition that :

(i) the undertaking will conform to and comply with the provisions of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the IT Rules, 1962;

(ii) the undertaking will confirm to and comply with the terms and conditions and other matters connected or incidental thereto mentioned in the annexure to Notification No 11291, dated 28th March, 2000/11267, dated 14th March, 2000 [published at (2000) 159 CTR (St) 202 and (2000) 159 CTR (St) 161 respectively]; issued by Central Board of Direct Taxes; Department of Revenue, Ministry of Finance, Government of India;

(iii) the Central Government shall withdraw this approval if the enterprise/ industrial undertaking :

(a) ceases to carry on infrastructure facility; or

(b) fails to maintain books of account and get such accounts audited by an accountant as required by sub-rule (7) of rule 2E of the IT Rules, 1962; or

(c) fails to furnish the audit report as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962.

3. The undertakings approved are:

(i) Development, maintenance and operation of industrial park at Wise Park Pudussery Village, New Industrial Development Area, Kanjikode (P.O.), Palakkad, Kerala, by M/s Western India Kinfra Ltd. 5/871, Kuppiyode Road, Chandranagar (P.O.), Palakkad-678007 (F. No. 205/29/2000-ITA-II).

(ii) Development, maintenance and operation of industrial park at International Tech Park, Whitefield Road, Bangalore, Karnataka by M/s Information Technology Park Ltd., Whitefield Road, Bangalore-560066. (F. No. 205/187/99-ITA-II)

[F. No. 205/29/2000 ITA-II & Or.]

What it names

Rules it names. Rule 2E 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. 11360  ·  Notification No. 11358 →

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.