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Case law › Notifications › 2008 › Notification No. 21
Notification 5 February 2008

Notification No. 21

For the purposes of the said clause notified under section 3

What this is

Notification No. 21 was published on 5 February 2008. Its subject is For the purposes of the said clause notified under section 3.

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.3s.3
s.36s.2, s.29, s.30, s.31, s.32, s.66

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. 21/2008, DATED 5-2-2008

In exercise of the powers conferred by clause (xii) of sub-section (1) of section 36 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Oil Industry Development Board established under section 3 of the Oil Industry (Development) Act, 1974 (47 of 1974) for the development of oil industry, subject to the following conditions, namely :—
(i) the expenditure, claimed as deductible under the Income-tax Act, 1961, is incurred for the objects and purposes authorised by the Oil Industry (Development) Act, 1974 (47 of 1974) ;
(ii) such expenditure is nor in the nature of capital expenditure ;
(iii) such expenditure is not eligible for deduction under any other provision of the Income-tax Act, 1961; and
(iv) a separate account of the expenditure claimed under the said clause is maintained by the Oil Industry Development Board.
2. This notification shall be applicable with effect from 1st day of April, 2008, that is, for the assessment year 2008-09 and subsequent assessment years.

[F. No. 149/222/2007-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. 22  ·  Notification No. 20 →

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.