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Case law › Notifications › 2002 › Notification: 67 Date of Issue : 20/3/2002
Notification 20 March 2002

Notification: 67 Date of Issue : 20/3/2002

Maharashtra State Basketball Association notified under section 10

What this is

Notification: 67 Date of Issue : 20/3/2002 was published on 20 March 2002. Its subject is Maharashtra State Basketball Association notified 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
s.11s.332, s.333, s.334, s.335, s.337, s.338, s.339, s.340, s.341, s.342, s.344, s.345, s.350, s.355

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 : 67

Date of Issue : 20/3/2002

Section(s) Referred : s. 10(23)

Notification No. S.O. 2531, dated 20th March, 2002.

In exercise of the powers conferred by clause (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Maharashtra State Basketball Association, Matunga, Mumbai, for the purpose of the said clause for the assessment year 1999-2000 subject to the following conditions, namely:

(i) the assessee will apply its income, or accumulate it for application, in consonance with the provisions of sub-sections (2) and (3) of section 11, as modified by the said clause (23) for such accumulation wholly and exclusively to the objects for which it is established;

(ii) the assessee will not invest or deposit its funds (other than voluntary contributions received and maintained in the form of jewellery, furniture or any other article) as may be notified by the Board under the third proviso to the aforesaid clause (23) for any period during the previous years relevant to the assessment years mentioned above otherwise than in any one or more of the forms or modes specified in sub-section (5) of section 11;

(iii) the assessee will not distribute any part of its income in any manner to its members except as grants to any association or institution affiliated to it; and

(iv) this notification will not apply in relation to any income, being profits and gains of business, unless the business is incidental to the attainments of the objectives of the assessee and separate books of account are maintained in respect of such business.

[Notification No. 67/2002/F.No. 196/1/2000-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: 68 Date of Issue : 21/3/2002  ·  Notification No. 59/2002 [F.No. 503/6/91-FTD] / SO 212 (E) →

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.