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Case law › Notifications › 2005 › Notification No. 11
Notification 24 January 2005

Notification No. 11

Tax Free Municipal Bonds for an amount of rupees fifty crores only to be issued by Chennai Metropolitan Water Supply and Sewerage specified under section 10

What this is

Notification No. 11 was published on 24 January 2005. Its subject is Tax Free Municipal Bonds for an amount of rupees fifty crores only to be issued by Chennai Metropolitan Water Supply and Sewerage specified under section 10.

This notifies a named person, body, fund or instrument for the purpose of a provision. Nothing in it changes the provision itself.

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. 112/2005, DATED 23-3-2005

S.O. 402(E).—In exercise of the powers conferred by sub-clause (vii) of clause (15) of Section 10 of the Income Tax Act, 1961 (43 of 1961), the Central Government hereby specifies Tax Free Municipal Bonds for an amount of rupees fifty crores only to be issued by Chennai Metropolitan Water Supply and Sewerage Board, Chennai, Tamilnadu during the financial year 2004-2005 for the purpose of said sub-clause:
Provided that the benefit under the said sub-clause shall be admissible only if the holder of such bonds registers his or her name and the holding with the said Corporation.

[F. No. 178/17/2005-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. 12  ·  Notification No. 10 →

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.