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Case law › Notifications › 2002 › Notification: 241 Date of Issue : 9/9/2002
Notification 9 September 2002

Notification: 241 Date of Issue : 9/9/2002

Notification of a person, body or fund under section 10 of the Income-tax Act, 1961

What this is

Notification: 241 Date of Issue : 9/9/2002 was published on 9 September 2002. Its subject is Notification of a person, body or fund under section 10 of the Income-tax Act, 1961.

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

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 : 241

Date of Issue : 9/9/2002

Section(s) Referred : s. 10(15)(iv)(h)

Notification No. 241 of 2002, dt. 9th Sept., 2002

In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the 7.85 per cent NHB-Priority Sector Bonds 2001-02 (tax free) of rupees one lakh each carrying an interest of 7.85 per cent per annum for a period of seven years for an amount of rupees seventy five crores only bearing distinctive numbers from E/00001 to E/07500, issued during 2001-2002 by the National Housing Bank, for the purpose of the said section:

Provided that the benefit under the said section shall be admissible only if the holder of such bonds registers his or her name and the holding with the said bank.

[F.No. 178/22/2002-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: 242 Date of Issue : 9/9/2002  ·  Notification: 239 Date of Issue : 5/9/2002 →

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.