Case law › Notifications › 2026 › Notification No. 91/2026-CBDT [F. No. 225/139/2025-ITA.II] / SO 3935(E) : Notification u/s 47 of the ITA, 1961 r.w.s 536(2) of the ITA, 2025 for transfer of capital asset from NPCIL, being transferor public sector company, to Anushakti Vidhyut Nigam Limited (ASHVINI)

Notification 17 July 2026

Notification No. 91/2026-CBDT [F. No. 225/139/2025-ITA.II] / SO 3935(E) : Notification u/s 47 of the ITA, 1961 r.w.s 536(2) of the ITA, 2025 for transfer of capital asset from NPCIL, being transferor public sector company, to Anushakti Vidhyut Nigam Limited (ASHVINI)

Ministry of Finance

What this is

Notification No. 91/2026-CBDT [F. No. 225/139/2025-ITA.II] / SO 3935(E) : Notification u/s 47 of the ITA, 1961 r.w.s 536(2) of the ITA, 2025 for transfer of capital asset from NPCIL, being transferor public sector company, to Anushakti Vidhyut Nigam Limited (ASHVINI) was published on 17 July 2026. 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.47	s.2, s.70

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 17th July, 2026
S.O. 3935(E).— In exercise of the powers conferred by clause (viiaf) to section 47 of the Income-tax Act, 1961 read with section 536(2) of the Income-tax Act, 2025, the Central Government hereby notifies the transfer of capital asset from Nuclear Power Corporation of India Limited ('NPCIL') (PAN:AAACN3154F), being transferor public sector company, to Anushakti Vidhyut Nigam Limited ('ASHVINI') (PAN: AAJCA9421F), being transferee public sector company, under the plan approved by the Central Government on 15th day of October, 2025, for the purposes of the said clause.

2. This notification shall apply in relation to the year of transfer, Financial Year 2025-26 (Assessment Year 2026-27).

[Notification No. 91/2026-CBDT/F. No. 225/139/2025-ITA.II]
Dr. INDU BALA, Dy. Secy.

Explanatory Memorandum

It is certified that no person is being adversely affected by giving retrospective effect (from the financial year of transfer) 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.

Notification No. 122/2024 [F. No. 225/68/2024-ITA.II] / SO 5074(E) — 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)] 27 November 2024
Notification No. 71/2023 [F. No. 225/103/2023-ITA-II] / SO 3981(E) — Ministry of Finance 12 September 2023
Notification No. 51/2023 [F. No. 370142/22/2023-TPL] / GSR 519(E) — Ministry of Finance 18 July 2023
Notification No. 89/2022 [F. No. 370142/26/2019-TPL-Part(1)] / SO 3652(E) — Ministry of Finance 3 August 2022
Notification No. 63/2022 [F. No. 370142/21/2022-TPL(Part 3)] / SO 2755(E) — 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)] 15 June 2022
Notification No. 46/2022 [F. No. 370142/1/2022-TPL (Part-I)] / SO 1951(E) — Ministry of Finance 27 April 2022

← Notification No. 92/2026 [F. No. 300196/65/2025-ITA-I] / SO 3983(E) : Notification of District Legal Service Authority, Jind · Notification No. 90/2026-CBDT [F. No. 203/23/2025/ITA-II] / SO 3934(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.