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Case law › Notifications › 2003 › Notification No. 61
Notification 31 March 2003

Notification No. 61

A notification under section 35AC of the Income-tax Act, 1961

What this is

Notification No. 61 was published on 31 March 2003. Its subject is A notification under section 35AC of the Income-tax Act, 1961.

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

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 : 61

Section(s) Referred : s. 35AC

Date of Issue : 31/3/2003

Notification No. 61 of 2003, dt. 31st March, 2003

Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 402(E) dated the 3rd May, 1995 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 3, for Construction of Saraswati Vidya Mandir, a residential High School for the tribals, harijans and economically backward classes with vocational training centre at village Navadoha, P.O. Nayadhi, P.S. Ghanghra (Dist. Guhila), Bihar by Shri Hari Vanvasi Vikas Samiti, Kalyan Ashram, Near Bangla School Gali, Ranchi-834001, as an eligible project or scheme for a period of three years beginning with assessment year 1996-1997 which was extended further vide notification number S.O. 314(E) dated 11th May, 1999 for a period of three years beginning with assessment year 1999-2030;

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 (5) 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 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project of Construction of Saraswati Vidya Mandir, a residential High School for the tribals, harijans and economically backward classes with vocational training centre at village Navadoha, P.O. Nayadhi, P.S. Ghanghra (Dist. Guhila), Bihar which is being carried out by Shri Hari Vanvasi Vikas Samiti, Kalyan Ashram, Near Bangla School Gali, Ranchi-834001, at the estimated cost of rupees ninety-three lakhs ninty-eight thousand only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2002-2003.

[F.No. NC-166/2002]

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. 62  ·  Notification No. 60 →

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.