Notification: S. O. 237(E)
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 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 July 27, 1999 to August 19, 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.
[Notification No. 11266/F. No. 178/11/2000-ITA-I]
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