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Notification: 11142
Section(s) Referred: s. 80L(1)(ii)
Statute: INCOME TAX
Date of Issue: 26/11/1999
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 Government hereby specifies the bonds in the nature of debentures, detailed below, issued by the Industrial Credit and Investment Corporation of India Limited, Mumbai, in its public issue of Safety Bonds—August, 1998, for the purpose of the said clause:
——- Name of the Bonds Face value of Distinctive Amount each bond Numbers raised ——- (Rs.) From To (Rs.) ——- Encash Bond 5,000 1 50068 25,03,40,000 Tax Saving Bond-I 5,000 1 151893 75,94,65,000 Tax Saving Bond-II 5,000 1 70963 35,48,15,000 Tax Saving Bond-III 5,000 1 91058 45,52,90,000 Tax Saving Bond-IV 5,000 1 10796 5,39,80,000 Regular Income Bond-I 5,000 1 33397 16,69,85,000 Regular Income Bond-II 5,000 1 68872 34,43,60,000 Regular Income Bond-III 5,000 1 244840 122,42,00,000 ——-
[F. No. 178/23/99-ITA-I]
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