Case law › Notifications › 2023 › Notification No. 66/2023 [F.No.300196/36/2017-ITA-I(Pt.I)] / SO 3776(E)

Notification 23 August 2023

Notification No. 66/2023 [F.No.300196/36/2017-ITA-I(Pt.I)] / SO 3776(E)

Ministry of Finance

What this is

Notification No. 66/2023 [F.No.300196/36/2017-ITA-I(Pt.I)] / SO 3776(E) was published on 23 August 2023. 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.9	s.9
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 23rd August, 2023
S.O. 3776(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, 'District Mineral Foundation Trust' as specified in the schedule to this notification, constituted by Government in exercise of powers conferred under section 9(B) of the Mines and Minerals (Development and Regulation) Amendment Act, 2015 (10 of 2015) as a 'class of Authority', in respect of the following specified income arising to that Authority, namely :-

(a) Contribution by lease Holder to DMF as per the Mines and Minerals (Contribution to District Mineral Foundation) Rules, 2015;
(b) Interest received from lease holders for late payment;
(c) Any Penalty charged to lease holder;
(d) Income from Interest on fund available under DMF;
(e) Interest received on Saving Bank Accounts; and
(f) Interest received on Excess Fund invested in Term Deposit.

2. This notification shall be effective subject to the conditions that each of the District Mineral Foundation Trust-
(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 assessment year 2023-2024 to 2027-2028 relevant to financial year 2022-2023 to 2026-2027 in respect of Trusts mentioned in column (2) of the below mentioned schedule.

SCHEDULE

S.No. | Name of DMF Trust | State | PAN
1. | Angul District Mineral Foundation | Odisha | AAALD1844M
2. | District Mineral Foundation Trust, Jajpur | Odisha | AADTD2632E
3. | District Mineral Foundation, Jharsuguda | Odisha | AADTD1294Q
4. | District Mineral Foundation, Keonjhar | Odisha | AAAGD2339C
5. | District Mineral Foundation, Koraput | Odisha | AAPFD8437K
6. | District Mineral Foundation, Sundargarh | Odisha | AADTD0841P
7. | District Mineral Foundation Trust, Sambalpur | Odisha | AADTD5287H
8. | District Mineral Foundation Trust, Dhenkanal | Odisha | AADTD5665R
9. | District Mineral Foundation Trust, Mayurbhanj | Odisha | AAGTM8219H
10. | District Mineral Foundation Trust, Rayagada | Odisha | AADTD5522D
11. | District Mineral Foundation Trust, Nuapada | Odisha | AADTD6189J
12. | District Mineral Foundation Trust, Puri | Odisha | AADTD6294Q

[Notification No. 66/2023 /F.No.300196/36/2017-ITA-I(Pt.I)]
VIKAS SINGH, Director, ITA-I

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.

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.

Circular No. 5/2026 — Circular No. 5 of 2026 12 May 2026
Notification No. 28/2026 [F. No. 300196/7/2026-ITA-I] / SO 1535(E) — Ministry of Finance 24 March 2026
Notification No. 17/2026 [F. No. 300196/64/2018-ITA-I(Part-1)] / SO 571(E) — Ministry of Finance 5 February 2026
Notification No. 115/2025 [F. No. 300196/64/2018-ITA-I(Part-1)] / S.O. 3204(E) — Ministry of Finance 14 July 2025
Notification No. 119/2024 [F. No. 300196/64/2018-ITA-I (Pt.1)] / SO 4982(E) — [भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 19 November 2024
Notification No. 110/2024 [F. No. 300196/64/2018-ITA-I (Pt.1)] / SO 4401(E) — Ministry of Finance 11 October 2024

← Notification No. 67/2023 [F.No.300196/4/2022-ITA-I]/ SO 3777(E) · Notification No. 68/2023 [F. No. 300196/37/2018-ITA-I] / SO 3782(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.