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Case law › Notifications › 2003 › Notification No. 154
Notification 13 June 2003

Notification No. 154

Scheme or p specified under section 35AC

What this is

Notification No. 154 was published on 13 June 2003. Its subject is Scheme or p 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
s.36ACno 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 : 154

Section(s) Referred : s. 35AC(b)(1)

Date of Issue : 13/6/2003

Notification No. 154 of 2003, dt. 13th June, 2003.

Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 862(E) dated the 12th December, 1997, 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 8 for Construction of building, purchase of equipments and running of hospital at Vaso, Nadiad, by Vaso Arogya Mandal, Shri C.M. Shah General Hospital, Kheda, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 1998-99 and which was extended further vide notification number S.O. 157(E) dated 23rd February, 2000, for a period of three years beginning with assessment year 2001-2002;

And, whereas, the said project or scheme is likely to extend beyond six 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 (6) of rule 11M of the Income-tax Rules, 1962 for specifying the said project or scheme for a further period of three 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 36AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project of Construction of building, purchase of Equipments and running of hospital at Vaso, Nadiad which is being carried out by Vaso Arogya Mandal, Shri C.M. Shah General Hospital, Kheda, Gujarat, at the estimated cost of rupees forty-two lakhs only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2004-2005.

[F.No. NC-81/2003]

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 No. 155  ·  Notification No. 153 →

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.