Case law › Notifications › 2012 › NOTIFICATION NO.GSR 859(E)[F.NO.225/19/2011-ITAT-II], DATED 30-11-2012

Notification 30 November 2012

NOTIFICATION NO.GSR 859(E)[F.NO.225/19/2011-ITAT-II], DATED 30-11-2012

Capital Gains Account Scheme, 1988 - Notified Deposit Office to Receive Deposits and Maintain Accounts under the Said Scheme

What this is

NOTIFICATION NO.GSR 859(E)[F.NO.225/19/2011-ITAT-II], DATED 30-11-2012 was published on 30 November 2012. Its subject is Capital Gains Account Scheme, 1988 - Notified Deposit Office to Receive Deposits and Maintain Accounts under the Said Scheme.

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.

CAPITAL GAINS ACCOUNT SCHEME, 1988 - NOTIFIED DEPOSIT OFFICE TO RECEIVE DEPOSITS AND MAINTAIN ACCOUNTS UNDER THE SAID SCHEME
NOTIFICATION NO.GSR 859(E)[F.NO.225/19/2011-ITAT-II], DATED 30-11-2012
In continuation to the earlier Notification No. G.S.R. 725(E), dated 22-6-1988 (See [1988] 172 ITR (St.) 54), and in pursuance of clause (e) of paragraph 2 of the Capital Gains Account Scheme, 1988, the Central Government hereby authorises all the branches (except rural branches) of IDBI Bank Ltd., to receive deposits and maintain accounts under the said scheme.
Explanation.-For the purpose of this notification, a rural branch, in relation to the IDBI Bank Ltd., means a branch which is situate and is functioning at a centre, the population whereof, in accordance with the 2001 census is less than ten thousand.
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← Notification No. [HRD/CM/103/2010-11/1055], dated 30-11-2012 · Notification No. 52/2012 →

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.