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Case law › Notifications › 2002 › Notification: 251 Date of Issue : 10/9/2002
Notification 10 September 2002

Notification: 251 Date of Issue : 10/9/2002

Scheme or project of specified under section 35AC

What this is

Notification: 251 Date of Issue : 10/9/2002 was published on 10 September 2002. Its subject is Scheme or project of specified under section 35AC.

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 : 251

Date of Issue : 10/9/2002

Section(s) Referred : s. 35AC

Notification No. 251 of 2002, dt, 10th Sept,, 2002

Whereas by notification of the, Government of India in the Ministry of Finance number S.O. 1140(E) dated the 18th November, 1999, issued under sub-section (1) read with 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 3, for Construction of building for old age home complex at Srikakulam, Andhra Pradesh, by Srikakulam Voyadhikula Sangham, (Srikakulam Elders Association), D.No, 7-6-44, Burravari Thota, Srikakulam, Andhra Pradesh-532 001 as an eligible project or scheme for a period of three years beginning with assessment year 2000-2001;

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

And whereas the National Committee, 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 two 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 for old age home complex at Srikakulam, Andhra Pradesh, which is being carried out by Srikakulam Voyadhikula Sangham, (Srikakulam Elders Association), D.No. 7-6-44, Burravari Thota, Srikakulam, Andhra Pradesh-532001, at the estimated cost of rupees twenty-three lakhs and ninety-three thousand only as an eligible project or scheme for a further period of two years commencing from assessment year 2003-2004.

F. No. NC-80/2002]

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.

← Notification: 252 Date of Issue : 10/9/2002  ·  Notification: 250 Date of Issue : 10/9/2002 →

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.