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Case law › Notifications › 2002 › Notification: 114 Date of Issue : 17/5/2002
Notification 17 May 2002

Notification: 114 Date of Issue : 17/5/2002

Following debentures specified under section 3

What this is

Notification: 114 Date of Issue : 17/5/2002 was published on 17 May 2002. Its subject is Following debentures specified under section 3.

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.3s.3
s.80Lno 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 : 114

Date of Issue : 17/5/2002

Section(s) Referred : s. 80L(1)(ii)

[Notification No. S.O. 530(E), dated 17th May, 2002.]

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 Board of Direct Taxes hereby specifies the following debentures, in the nature of bonds, namely:--

(i) the Industrial Development Bank of India Regular Income Bond bearing distinctive numbers from 2027809 to 2027924 under Option A, from 2124944 to 2125837 under Option B of the face value of Rs. 5,000 each;

(ii) the Industrial Development Bank of India Growing Interest Bond bearing distinctive numbers from 2225072 to 2425093 of the face value of Rs. 5,000 each; and

(iii) the Industrial Development Bank of India Infrastructure (Tax-saving) Bond bearing distinctive numbers from 2748660 to 2750843 under Option A, from 2958573 to 2758775 under Option B, from 2763819 to 2763981 under Option C and from 2877899 to 2879082 under Option D of the face value of Rs. 5,000 each,

issued by the Industrial Development Bank of India, Mumbai, a corporation established under section 3 of the Industrial Development Bank of India Act, 1964 (10 of 1964) in its public issue of bonds in Flexibonds-II Series (200102), for the purposes of the said clause.

[Notification No. 114/2002/F.No. 178/12/2002-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: 115 Date of Issue : 22/5/2002  ·  Notification: 113 Date of Issue : 17/5/2002 →

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.