Case law › Notifications › 2017 › Notification No. 79/2017/F. No. 370142/18/2017-TPL / SO 2529(E)

Notification 8 August 2017

Notification No. 79/2017/F. No. 370142/18/2017-TPL / SO 2529(E)

2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)]

What this is

Notification No. 79/2017/F. No. 370142/18/2017-TPL / SO 2529(E) was published on 8 August 2017. Its subject is 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)].

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.54EC	s.85

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.

2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 8th August, 2017
INCOME-TAX
S.O. 2529(E).—In exercise of the powers conferred by clause (ba) of Explanation to section 54EC of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that any bond redeemable after three years and issued by the Indian Railway Finance Corporation Limited, a company formed and registered under the Companies Act, 1956 (1 of 1956), on or after the date of publication of this notification in the Official Gazette, as 'long-term specified asset' for the purposes of the said section.
[Notification No. 79/2017/F. No. 370142/18/2017-TPL]
PRAVIN RAWAL, Director (Tax Policy and Legislation)
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. 73/2025 [F. No. 225/192/2023] / S.O. 3060(E) — 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)] 9 July 2025
Notification No. 31/2025 [F. No. 225/06/2024/ITA-II] / SO 1644(E) — 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)] 7 April 2025
Notification No. 47/2017/ F. No. 370142/18/2017-TPL / SO 1818(E) — 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)] 8 June 2017
Notification No. 380 — Bonds for an amount of Rupees three thousand five hundred crores (redeemable after three years) to be issued by the Rura 22 December 2006
Notification No. 143 — Bonds for an amount of Rupees four thousand five hundred crores (redeemable after three years) to be issued by the Rural 29 June 2006
Notification No. 142 — Bonds for an amount of rupees one thousand five hundred crores (redeemable after three years) to be issued by the Nation 29 June 2006

← Notification No. 80/2017 [F. No. 133/23/2015-TPL] / GSR 1028(E) · Notification No. 77 /2017[F. No. 142/15/2015-TPL] / SO 2455(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.