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Case law › Notifications › 2001 › Notification No. 928E-
Notification 20 September 2001

Notification No. 928E-

A notification under section 35AC of the Income-tax Act, 1961

What this is

Notification No. 928E- was published on 20 September 2001. Its subject is A notification under section 35AC 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.35ACno 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.

Notification No. S.O. 928(E), dated 20th September, 2001.

Whereas by notification of the Government of India in the Ministry of Finance No. S.O. 224(E), dated the 16th March, 1994, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 2, for construction of building of Arts and Commerce College, Rural Science and Pharmacy College, Industrial Training Institute and Hostel at Shardagram, by Shree Bharat Saraswati Mandir Sansad, Shardagram, via-Mangrol, District Junagarh, Gujarat, as an eligible project or scheme for a period of two years beginning with the assessment year 1994-1995 which was extended further vide Notification No. S.O. 95(E), dated the 2nd February, 1996, for a period of three years beginning with the assessment year 1997-1998 and S.O. 436(E), dated 20th May, 1998, for a period of three years beginning with the assessment year 1999-2000;

And whereas the said project or scheme is likely to extend beyond eight years;

And whereas the National Committee has, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962, for specifying the said project or scheme for a further period of three years;

Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project of construction of building of Arts and Commerce College, Rural Science and Pharmacy College, Industrial Training Institute and Hostel at Shardagram, which is being carried out by Shree Bharat Saraswati Mandir Sansad, Shardagram, via-Mangrol, District Junagarh, Gujarat, at the estimated cost of rupees two crores fifteen lakhs twenty five thousand only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2002-2003.

[No. 299/2001/F. No. N.C-83/2001]

What it names

Rules it names. Rule 11M 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.

← GSR682E-  ·  Notification No. 927E- →

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.