Notification No. 59

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

What this is

Notification No. 59 was published on 23 February 2004. 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 Act	Now
s.35AC	no 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 : 59

Section(s) Referred :

Date of Issue : 23/2/2004

Notification No. 59 of 2004, dt. 23rd Feb., 2004

Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1124(E) dated the 29th September, 2003, issued under 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 5, for (a) construction of old age homes (Helpage Homes) (b) Project relating to AIDS and Infrastructural development of Nifadwadi, by Community Aid and Sponsorship Programme (CASP), 1779/84, Sadashiv Peth, Gurutrayee Smarak, Bharat Scout Ground, Pune-411030, as an eligible project or scheme for a period of three years beginning with assessment year 2004-2005.

And whereas the said project or scheme is likely to extend beyond three years;

And, whereas, the National Committee for the Promotion of Social and Economic Welfare, 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 incorporating two programs namely, (i) High range area community, Health and Empowerment project (cost Rs. 30.00 lakhs) and (ii) Wayanand Area Community Health and Employment project (Cost Rs. 30.00 lakhs) in the approved project. The total cost of the project henceforth will be Rs. 207.70 lakhs only;

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 further amends the said notification number S.O. 1124(E), dated the 29th September, 2003, to the following effect, namely:

In the said notification, in the Table, at serial number 5:

(i) under column (3), the following shall be inserted, namely:-

"(d) High range area community, Health Empowerment project and

(e) Wayanand Area Community Health and Employment project.";

(ii) under column 4, for the entries thereto, the following shall be substituted, namely:-

"Rs. 207.70 lakhs for Assessment years 2004-2005, 2005-2006 and 2006-2007, i.e., for three years only".

NC-333/2003

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. 3/2022 — Specifying forms returns statements reports orders by whatever name called prescribed in appendix ii to be furnished ele 16 July 2022
Notification No. 2/2019 [F. No. V. 27013/3/2018-SO(NAT.COM)]/SO 3122(E) — Ministry of Finance 28 August 2019
Notification No. 1/2019 [F. No. V. 27013/3/2018-SO(NAT.COM)] / SO 1706(E) — Ministry of Finance 8 May 2019
Notification No. S.O. 1706 [No. 1/2019 (F.No.V.27013/3/2018-SO(nat.com)] — Section 35AC of the Income-tax Act, 1961, read with rule 11G of the Income-tax Rules, 1962 - Eligible Projects or Scheme 8 May 2019
Notification No. 2/2018 [F.No.V.27013/3/2018-SO(NAT.COM)] SO 5160(E) — Ministry of Finance 5 October 2018
Notification No. 1/2018 [F.No.V.27013/3/2018-SO(NAT.COM)] / SO 1658(E) — MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 17th April, 2018 S.O 17 April 2018

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.