Notification No. 380/2002-Income Tax Dated 10/12/2002

Notification No.  :        380

Date of Issue  : 10/12/2002

Section(s) Referred  :  s. 80L(1)

Notification No. 380 of 2002, dt. 10th Dec., 2002

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-July, 2000, for the purpose of the said clause:

Allotment Details                   No. of Bonds allotted               Amount(Rs.)                           Distinctive Nos.

From  To

1. Tax Saving Bonds

Option-I             3,870             1,93,50,000     1          3870

Option-II           14,178           7,08,90,000     1          14178

Option-III          5,984             2,99,20,000     1          5984

1

2. Regular Income Bonds                                            1

Option-I             10,880           5,44,00,000     1          10880

Option-II           11,762           5,88,10,000     1          11762

Option-III          1,17,532        58,76,60,000   1          117532

F.No. 178/25/2001-ITA-I]