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Case lawNotifications2016 › Notification No. 42/2016] [F.No. 142/5/2016-TPL]
Notification 2 June 2016

Notification No. 42/2016] [F.No. 142/5/2016-TPL]

Cost Inflation Index

What this is

Notification No. 42/2016] [F.No. 142/5/2016-TPL] was published on 2 June 2016. Its subject is Cost Inflation Index.

The instrument itself

The text, read by machine from the scan

This is not the department’s typed text. The department published this one as a scanned image of a signed paper, so there is no text in the file to copy. What follows was read off that image by optical character recognition and is reproduced without correction — the mistakes you can see are the machine’s, and there may be others you cannot. It is here so the document can be found and read; it is not a substitute for the file, which is linked below. Do not quote from this page.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
| DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
NOTIFICATION
INCOME-TAX
p)
New Delhi2June, 2016
8.0. (E)- In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, published in the Gazette of India, Extraordinary, vide number S.O. 709(E), dated the a0" August, 1998, namely:-
Zz In the said notification, in the Table, after serial number 35 and the entries relating thereto, the following serial number and entries shall be inserted, namely:-
SI. No. Financial Year Cost Inflation Index (1) (2) (3)
“36 2016-17 1125”.
[Notification No.42/2016/F.No.142/5/2016-TPL]
| ~
[Pravin Rawal]
Director
Note:- The principal notification was published in the Gazette of India, Extraordinary, Part II,
Section 3, Sub-section(ii), vide number S.0.709(E), dated the 20" August, 1998 and last amended vide number S.0.2.03(E), dated the2¥-F-. 2015.

Source: the department’s scanned file.

← Notification No.44/2016 [F.No.142/8/2016-TPL] / SO 1950(E)  ·  Notification No. 40/2016 [F.No. 196/03/2016-ITA-I] →

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.