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Case law › Notifications › 2024 › Notification No. 127/2024 [F. No. 500/Misc./S10(23FE)/FT&TR-II] / SO 5347(E)
Notification 11 December 2024

Notification No. 127/2024 [F. No. 500/Misc./S10(23FE)/FT&TR-II] / SO 5347(E)

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

What this is

Notification No. 127/2024 [F. No. 500/Misc./S10(23FE)/FT&TR-II] / SO 5347(E) was published on 11 December 2024. Its subject is 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)].

What it does

In exercise of the powers under item (b) and sub-clause (iii) of clause (23FE) of section 10 of the Income-tax Act, 1961, the Central Government amends its notification S.O. 2227(E) dated 6 July 2020 (Notification No. 44/2020). In the opening paragraph of that notification, the reference to "F. No. 13/3/2017-INF dated 13th August 2018" is substituted by "F. No. 13/1/2017-INF dated 11th October, 2022". The parent notification is thereby made to refer to the later departmental instrument.

Who it reaches

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.3s.3
s.10s.11, s.19

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 11th December, 2024

(INCOME-TAX)

S.O. 5347(E).—In exercise of powers conferred by item (b) and sub-clause (iii) of clause (23FE) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendment in the notification of the Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) No. 44/2020/ F. No. 370142/24/2020-TPL number S.O. 2227(E), dated the 6th July, 2020, published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii), namely:-

In the said notification, in the opening paragraph, for the letters, figures, and words "F. No. 13/3/2017-INF dated 13th August 2018", the letters, figures, and words "F. No. 13/1/2017-INF dated 11th October, 2022" shall be substituted.

2. This notification shall come into force from the date of its publication in the Official Gazette.

[No. 127/2024/F. No. 500/Misc./S10(23FE)/FT&TR-II]

APOORV TIWARI, Under Secy.

Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii), vide number S.O 2227(E), dated the 6th July, 2020.

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.

From when

the date of publication in the Official Gazette.

What to watch

Where you meet it

When testing an investment against the description in notification S.O. 2227(E) for the exemption under section 10(23FE).

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. 129 /2024 [F. No. 300196/22/2024-ITA-I] / SO 5551(E)  ·  Notification No.126 /2024 [F. No. 285/26/2021-IT(Inv.V)CBDT] / SO 5327(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.