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Notification: 11204
Section(s) Referred: s. 80L(1)(ii)
Statute: INCOME TAX
Date of Issue: 12/1/2000
In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the debentures, in the nature of bonds, namely :
(i) the Industrial Development Bank of India Regular Income Bond bearing distinctive numbers from 0000001 to 2337495 of the face value of rupees five thousand each;
(ii) the Industrial Development Bank of India Growing Interest Board bearing distinctive numbers from 3000001 to 3086766 of the face value of rupees five thousand each ;
(iii) the Industrial Development Bank of India Retirement Bond bearing distinctive numbers from 3100001 to 3116511 of the face value of rupees five thousand cash; and
(iv) the Industrial Development Bank of India Infrastructure (tax-saving) Bond bearing distinctive numbers from 3150001 to 3709228 of the face value of rupees five thousand each,
issued from 22nd February, 1999 to 15th March, 1999 by the Industrial Development Bank of India, Mumbai, a Corporation established under section 3 of the Industrial Development Bank of India Act, 1964 (10 of 1964) in its public issue of bonds in Flexibonds-6 series, for the purposes of the said clause.
[F. No. 178/14/99-ITA-I]
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