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Case law › Notifications › 2000 › Notification No. 470
Notification 13 November 2000

Notification No. 470

New Green-field Educational Society notified under section 10

What this is

Notification No. 470 was published on 13 November 2000. Its subject is New Green-field Educational Society notified 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
s.11s.332, s.333, s.334, s.335, s.337, s.338, s.339, s.340, s.341, s.342, s.344, s.345, s.350, 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 by sub-clause (vi) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the New Green-field Educational Society, New Delhi, for the purpose of the said sub-clause for the assessment years 1999-2000 to 2001-2002 subject to the following conditions, namely :---

(i) the assessee will apply its income, or accumulate for application, wholly and exclusively to the objects for which it is established ;

(ii) the assessee will not invest or deposit its funds (other than voluntary contributions received and maintained in the form of jewellery, furniture, etc.) for any period during the previous years relevant to the assessment years mentioned above otherwise than in any one or more of the forms or modes specified in sub-section (5) of section 11;

(iii) this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of account are maintained in respect of such business ;

(iv) the assessee will regularly file its return of income before the income-tax authority in accordance with the provisions of the Income-tax Act, 1961.

(v) that in the event of dissolution, its surplus and the assets will be given to a charitable Organisation with similar objectives.

[Notification No. 11545/F. No. 197/108/2000-ITA-I]

Similar notifications were issued for the following institutions for the assessment years mentioned below : ------- SI. S. O. No./ Institutions Assessment Notification No. Gaz. reference No. date years ------- 1. 473/ Catholic Insti- 1999-2000 to 27/2001/F. No. Gaz. of India, dt. 10-3- 6-2-2001 tute of Carmelite 2001-2002 197/105/2000- 2001, Pt. II, sec. 3(ii), Sisters, Jalandhar ITA-I p. 992.

2. 476/ Vignan Educa- 1999-2000 to 38/2001/F. No. Gaz. of India, dt. 10-3- 16-2-2001 tional Founda- 2001-2002 197/13/2001- 2001, Pt. II, sec. 3(ii), tion, Bangalore ITA-I P. 995.

3. 586/ South Point High 1999-2000 to 11569/F. No. Gaz. of India, dt. 24-3-\ 30-11-2000 School, Calcutta 2001-2002 197/30/2000- 2001, Pt. II, see. 3(ii), ITA-I p. 1173.

4. 587/ Seth Sagarmal 1999-2000 to 11570/F. No. Gaz. of India, dt. 24-3- 30-11-2000 Bagrodia Charita- 2001-2002 197/109/2000- 2001, Pt. II, sec. 3(ii), ble Trust, Delhi ITA-I p.1174. ---

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. 471  ·  Notification No. 11546 →

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.