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Case law › Notifications › 2005 › Notification No. 136
Notification 29 April 2005

Notification No. 136

Approval of an institution under section 10 of the Income-tax Act, 1961

What this is

Notification No. 136 was published on 29 April 2005. Its subject is Approval of an institution under section 10 of the Income-tax Act, 1961.

This is an approval of a named institution. It affects that institution and the people who deal with it; the years it covers are stated in it and are the whole of its reach.

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
s.80IAno 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. 136/2005, DATED 29-4-2005

It is notified for general information that the enterprise/undertaking, Krishna Bhagya Jala Nigam Ltd, PWD Offices Annexe, 3rd Floor, K.R. Circle, Bangalore-560001, has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962 for execution of Irrigation Projects on Krishna River (Upper Krishna Project) in the State of Karnataka, for the period of 3 years from 01.04.2004 to 31.03.2007.
2. The Central Government shall withdraw this approval if the enterprise/undertaking:
(a) ceases to conform to and comply with the provisions of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962;
(b) ceases to carry on the eligible business as defined in Explanation (b) to Rule 2E of IT. Rules, 1962;
(c) fails to maintain books of account and get such accounts audited by an accountant as required by sub-rule (6) of rule 2E of the Income-tax Rules, 1962;
(d) fails to furnish the audit report as required by sub-rule (6) of rule 2E of the Income-tax Rules, 1962.
(e) fails to start operating and maintaining the infrastructure facility after developing it in terms of Section 80IA(4)(i)( c) of the Income-tax Act, 1961.

[F.No.205/67/98/ITA-II)(Vol.III)]

What it names

Rules it names. Rule 2E 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. 137  ·  Notification No. 135 →

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.