Notification No. 8/2016 [F.No.196/32/2014-ITA-I] / SO 530(E)

Ministry of Finance

What this is

Notification No. 8/2016 [F.No.196/32/2014-ITA-I] / SO 530(E) was published on 19 February 2016. Its subject is Ministry of Finance.

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.7	s.7
s.10	s.11, s.19
s.139	s.2, s.263, s.349

The instrument, as the Board published it

The department publishes this one only as a PDF, so the words below were read out of that PDF by machine. That reading can carry its own mistakes — a misread number, a broken line. Check the signed document before you rely on a figure in it.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 19th February, 2016
S. O. 530(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purpose of the said clause, the Competition Commission of India, a Commission established under sub-section (1) of section 7 of the Competition Act, 2002 (12 of 2003), in respect of the following specified income arising to the said Commission, namely:-
(a) amount received in the form of Government grants;
(b) fees received under the Competition Act, 2002; and
(c) interest accrued on Government grants and interest accrued on fees received under the Competition Act, 2002.
2. This notification shall be effective subject to the following conditions, namely:-
(i) the Competition Commission of India does not engage in any commercial activity;
(ii) the activities and the nature of the specified income of the Competition Commission of India shall remain unchanged throughout the financial years; and
(iii) the Competition Commission of India shall file return of income in accordance with clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.
3. This notification shall be applicable for the specified income of the Competition Commission of India for the financial years 2016-2017 to 2020-2021.
[Notification No. 8 /2016, F.No.196/32/2014-ITA-I]
DEEPSHIKHA SHARMA, Director

Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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. 42/2022 [F. No. 370142/10/2022-TPL] / GSR 309(E) — Ministry of Finance 22 April 2022
Notification No. 72/2021 [F. No.300196/15/2020-ITA-I] / SO 2246(E) — Ministry of Finance 9 June 2021
Notification No. 79/2018 [F.No.370149/194/2017-TPL] / SO 5675(E) — 6598 Gi/2018 (1) 12 November 2018
Notification No. 80/2018 [F.No.370149/194/2017-TPL] / SO 5676(E) — New Delhi Bench of the Adjudicating Authority appointed under section 7 of the said Act shall exercise jurisdiction unde 12 November 2018
Notification No. 12/2012 — Section 10(46) of the Income-tax Act, 1961 - Exemptions - Statutory Body/Authority/Board/Commission - Notified body or a 28 February 2012
Notification No. 107/2011/LBR/S.R.O. No. 528/2011 — Minimum wages in CA Offices in kerala 9 August 2011

← Notification No. 7/2016 [F.No.173/394/2015-ITA-I] / SO 529(E) · Notification No. 6/2016 [F. No.178/ 1/2016-ITA-I] / SO 520(E) →

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.