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Case law › Notifications › 2000 › Notification No. 11576
Notification 26 December 2000

Notification No. 11576

Where the split up or the reconstructed authority or body specified under section 2

What this is

Notification No. 11576 was published on 26 December 2000. Its subject is Where the split up or the reconstructed authority or body specified under section 2.

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.2s.2, s.346, s.355

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 under Explanation 4 to clause (19AA) of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies that where the split up or the reconstructed authority or body, constituted or established under a Central, State or Provincial Act, is an entity engaged in the generation or transmission or distribution of electrical power, or in all of these activities, such splitting up or reconstruction shall be deemed to be a demerger if the following conditions are fulfilled namely :

(i) splitting up or reconstruction is effected through a notification in the Official Gazatte by the Central or the State Government; and

(ii) assets of the split up or reconstructed authority or body, are transferred to one or more resulting companies on a going concern basis.

[F. No. 149/133/2000-TPL(Pt.)]

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. 1159E  ·  Notification No. 2 →

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.