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Notification: 11266
Section(s) Referred: s. 80L(1)(ii)
Statute: INCOME TAX
Date of Issue: 14/3/2000
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 000001 to 2448263 of the face value of rupees five thousand each ;
(ii) the Industrial Development Bank of India Growing Interest Bond bearing distinctive numbers from 2500001 to 2923034 of the face value of rupees five thousand each;
(iii) the Industrial Development Bank of India Retirement Bond bearing distinctive numbers from 3000001 to 3009257 of the face value of rupees five thousand each; and
issued from 27th July, 1999 to 19th Aug., 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-7 series, for the purposes of the said clause.
[F. No. 178/11/2000-ITA-I]
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