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Case law › Notifications › 2002 › Notification: 330 Date of Issue : 28/10/2002
Notification 28 October 2002

Notification: 330 Date of Issue : 28/10/2002

Tax free bonds cumulative Tax-free bonds redeemable after 15 years specified under section 10

What this is

Notification: 330 Date of Issue : 28/10/2002 was published on 28 October 2002. Its subject is Tax free bonds cumulative Tax-free bonds redeemable after 15 years specified 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

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 : 330

Date of Issue : 28/10/2002

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

Notification No. 330 of 2002, dt. 28th Oct., 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 tax free bonds cumulative Tax-free bonds redeemable after 15 years, with a put/call option at the end of 7th, 8th, 9th, 10th, 11th, 12th, 13th and 14th year, carrying an interest of 8.25 per cent per annum of rupees one lakh each for a total amount of rupees sixty crores bearing distinctive numbers from Q10T1500001 to Q10TI506000 issued by the Nuclear Power Corporation of India Limited, during the Financial year 2000-2001 for the purpose of the said item:

Provided that the benefit under the said item shall be admissible only if the holder of such bonds registers his/its name and the holding with the said company.

[F.No. 178/11/2002-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: 331 Date of Issue : 28/10/2002  ·  Notification: 329 Date of Issue : 25/10/2002 →

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.