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Case law › Notifications › 2017 › Notification No. 68 /2017 [F. No. 300196/01/2017-ITA-I] / SO 2279(E)
Notification 20 July 2017

Notification No. 68 /2017 [F. No. 300196/01/2017-ITA-I] / SO 2279(E)

Ministry of Finance

What this is

Notification No. 68 /2017 [F. No. 300196/01/2017-ITA-I] / SO 2279(E) was published on 20 July 2017. 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 ActNow
s.10s.11, s.19
s.139s.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 20th July, 2017
S.O. 2279(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 purposes of the said clause, 'National Biodiversity Authority', Chennai, an authority established under the Biological Diversity Act, 2002 (18 of 2003), in respect of the following specified income arising to that Authority, namely:—
(a) amount received in the form of Grant-in-aid from Government of India;
(b) benefit sharing fee and royalty received;
(c) amount received in form of Application fee;
(d) amount received in form of Interest; and
(e) amount received in form of Penalty.
2. This notification shall be effective subject to the conditions that National Biodiversity Authority, Chennai,—
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income shall remain unchanged throughout the financial years; and
(c) shall file return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961.
3. This notification shall be deemed to have been applied for the financial year 2016-2017 and shall apply with respect to the financial years 2017-2018, 2018-2019, 2019-2020 and 2020-2021.
[Notification No. 68 /2017/F. No. 300196/01/2017-ITA-I]
DEEPSHIKHA SHARMA, Director
Explanatory Memorandum : It is certified that no person is being adversely affected by giving retrospective effect to this notification.
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.
ALOK KUMAR
Digitally signed by ALOK KUMAR
Date: 2017.07.24 12:31:10 +05'30'

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. 67 /2017 [F. No. 300196/7/2017-ITA-I]/ SO 2278(E)  ·  Notification No. 69/2017 [F. No. 300196/1/2016-ITA-I] / SO 2280(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.