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Case law › Notifications › 2002 › Notification: 99 Date of Issue : 26/4/2002
Notification 26 April 2002

Notification: 99 Date of Issue : 26/4/2002

(3) below approved under section 10

What this is

Notification: 99 Date of Issue : 26/4/2002 was published on 26 April 2002. Its subject is (3) below approved under section 10.

This is an approval of a named institution. It affects that institution and the people who deal with it; the years it covers are stated in it and are the whole of its reach.

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 : 99

Date of Issue : 26/4/2002

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

[Notification No. S.O. 1713, dated 26th April, 2002.]

It is notified for general information that enterprise/industrial undertaking listed at para. (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, 'read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003, 2003-2004 and 2004-2005.

2. The approval is subject to the condition that (i) the enterprise/industrial undertakings will conform to and comply with the provisions of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962;

(ii) the Central Government shall withdraw this approval if the enterprise/industrial undertakings:

(a) ceases to carry on infrastructure facility; or

(b) fails to maintain books of account and get such accounts audited by an accountant as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962; or

(c) fails to furnish the audit report as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962.

3. The enterprise/industrial undertaking approved is Sardar Sarovar Narmada Nigam Ltd., Block No. 12, 1st Floor, New Sachvalaya Complex, Gandhinagar-382 010 for their projects, (i) Dam across the Narmada River near Navgam, Gujarat, (ii) Main canal, (iii) Branch canals, (iv) Hydro based Power 1450 mw.

[Notification No. 99/2002/F. No. 205/9/98/ITA. II/Vol. I]

What it names

Rules it names. Rule 2E 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: 103 Date of Issue : 2/5/2002  ·  Notification: 98 Date of Issue : 23/4/2002 →

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.