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Notification: S.O. 101(E)
Section(s) Referred: 54EB ,54EB(1)
Statute: INCOME TAX
Date of Issue: 4/2/1998
In exercise of the powers conferred by sub-section (1) of section 54EB of Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following bonds as specified securities for the purpose of the said section, namely:—
“bonds to be issued by the Alpic Finance Limited, a public company registered under the Indian Companies Act, 1956, and having its registered office at 6th Floor, New Excelsior Building, Wallace Street, Fort, Mumbai-400 001, of an amount not exceeding Rs. 37.50 crores, which are not transferable before three years from the date of its allotment:
Provided that bonds are issued and allotted to the assessee within one year from the date of the issue of this notification.”
[Notification No. 10525/F. No. 178/136/97-ITA-I
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