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Case law › Notifications › 2004 › Notification No. 27
Notification 21 January 2004

Notification No. 27

Remaining "9 specified under section 3

What this is

Notification No. 27 was published on 21 January 2004. Its subject is Remaining "9 specified under section 3.

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.3s.3
s.10s.11, s.19
s.15s.15

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 : 27

Section(s) Referred : Section 10

Date of Issue : 21/1/2004

Notification No. 27 of 2004, dt. 21st Jan., 2004

Whereas the Central Government, in exercise of the powers conferred by sub-clause (h) of clause (iv) of sub-section 15 of Section 10 of the Income-tax Act, 1961, specified "9.5% Tax Free Bonds" of Rs.240 crore issued by the National Textile Corporation Limited bearing distinctive numbers from 1 to 24000 (out of the 9.50% Tax Free Bonds of Rs.248.69 crore bearing distinctive numbers from 1 to 24869), of rupees one lakh each, carrying an interest of 9.50% per annum for a period of five years, in the notification published in the Gazette of India, Extraordinary, Part II, Section 3(ii) dated the 10th December, 2002 vide S.0.1293(E);

Now, therefore, in exercise of the powers conferred by the aforesaid provisions of Income-tax Act, 1961, the Central Government hereby specifies the remaining "9.50% Tax Free Bonds" bearing distinctive numbers from 24001 to 24869, of rupees one lakh each, issued by National Textile Corporation Limited and carrying an interest of 9.50% per annum, for period of 5 years, for the remaining amount of rupees 8.69 Crore:

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.l78/40/2002-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 No. 28  ·  Notification No. 26 →

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.