Notification No. 380 — Bonds for an amount of Rupees three thousand five hundred crores (redeemable after three y

What this is

Notification No. 380 was published on 22 December 2006. Its subject is Bonds for an amount of Rupees three thousand five hundred crores (redeemable after three years) to be issued by the Rural Electrif notified under section 54EC.

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 Act	Now
s.54EC	s.85

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 380/2006, DATED 22-12-2006

In exercise of the powers conferred by sub-clause (ii ) of clause (b) of the Explanation to section 54EC of the Income-tax Act,1961 (43 of 1961), the Central Government hereby notifies the bonds for an amount of Rupees three thousand five hundred crores (redeemable after three years) to be issued by the Rural Electrification Corporation Limited, a company formed and registered under the Companies Act, 1956 (1 of 1956), during the period from 26th day of December, 2006 to 31th day of March, 2007 (both days inclusive), as 'long-term specified asset' for the purposes of the said section subject to the following conditions, namely:-
(i) a person who has made an investment of an amount aggregating more than fifty lakhs rupees in the bonds notified as ‘long-term specified asset’ by the Central Government for the purposes of section 54EC of the Income-tax Act 1961 (43 of 1961) in the Official Gazette vide notification number S.O. 963(E), dated the 29lh June, 2006 or notification number S.O. 964(E), dated the 29th June, 2006, shall not be allotted any bonds notified as "long-term specified asset" by this notification;
(ii) a person who is not covered by clause (i), shall not be allotted the bonds notified as long-term specified asset' by this notification, for any amount which exceeds the amount of fifty lakhs rupees as reduced by the aggregate of the investment, if any, made by him in the bonds notified as ‘long-term specified asset' by the Central Government for the purposes of section 54EC of the Income-tax Act 1961 (43 of 1961) in the Official Gazette vide notification number S.O. 963(E), dated the 29th June, 2006 or notification number S.O. 964(E), dated the 29th June, 2006.
[F. No. 142/09/2006-TPL]

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. 73/2025 [F. No. 225/192/2023] / S.O. 3060(E) — 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)] 9 July 2025
Notification No. 31/2025 [F. No. 225/06/2024/ITA-II] / SO 1644(E) — 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)] 7 April 2025
Notification No. 79/2017/F. No. 370142/18/2017-TPL / SO 2529(E) — 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)] 8 August 2017
Notification No. 47/2017/ F. No. 370142/18/2017-TPL / SO 1818(E) — 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)] 8 June 2017
Notification No. 143 — Bonds for an amount of Rupees four thousand five hundred crores (redeemable after three years) to be issued by the Rural 29 June 2006
Notification No. 142 — Bonds for an amount of rupees one thousand five hundred crores (redeemable after three years) to be issued by the Nation 29 June 2006

← Notification No. 001 · Notification No. 379 →

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.