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Case law › Notifications › 2002 › Notification: 379 Date of Issue : 10/12/2002
Notification 10 December 2002

Notification: 379 Date of Issue : 10/12/2002

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

What this is

Notification: 379 Date of Issue : 10/12/2002 was published on 10 December 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 : 379

Date of Issue : 10/12/2002

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

Notification No. 379 of 2002, dt. 10th Dec., 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 "9.50% Tax Free Bonds" bearing distinctive numbers from 1 to 24000, of rupees one lakh each, issued by National Textile Corporation Limited and carrying an interest of 9.50 per cent per annum, for a period of 5 years, for a total amount of rupees 240 crores:

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

[F. NO. 178/40/2002-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: 380 Date of Issue : 10/12/2002  ·  Notification: 378 Date of Issue : 9/12/2002 →

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.