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Case law › Notifications › 2005 › Notification No. 158
Notification 31 May 2005

Notification No. 158

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

What this is

Notification No. 158 was published on 31 May 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

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 158/2005, DATED 31-5-2005
SO. No………It is notified for general information that the enterprise/undertaking, Swarna Tollway Private Limited, Regd. Office, Plot No. 85, Road No. 72, Prashasan Nagar, Jubilee Hills, Hyderabad-500034 for their following projects:
(a) widening and rehabilitation of the existing 2-Lane Highway into four lane from Km.52.8 to Km.163.6 on the Tada-Nellore section of the National Highway No. 5 in Andhra Pradesh and
(b) widening and rehabilitation of the existing 2-Lane Highway into four lane from Km.217 to Km.252 on the Nandigama-lbrahimpatnam section of the National Highway No. 9 in Andhra Pradesh
on build, operate, transfer (BOT) basis as per concession agreement dated 27-3-2001 and assignment agreement dated 29.6.2001 entered into with the National Highway Authority of India, 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 the period of 30 years from 20-3-2002 to 19.3.2032 as specified in the agreement dated 27.3.2001, or earlier in the event of violation of the terms of the aforesaid agreement.
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.
[F. No. 205/39/2002/ITA-II]

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. 157  ·  Notification No. 156 →

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.