Notification No.158/2003 – Income Tax Dated 27/6/2003

Notification No. :  158

Section(s) Referred  : s. 10(15)(1)

Date of Issue :  27/6/2003

Notification No. 158 of 2003, dt. 27th June, 2003.

In exercise of the powers conferred by sub-clause (i) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 31,63,38,500 number of “8.5% Tax Free SLR Power Bonds” of rupees one thousand each, issued on and after the 1st October, 2001, by the Reserve Bank of India on behalf of the State Governments, carrying an interest of 8.5% per annum, for a period of fifteen years, for an amount of rupees 31,633.85 crore (thirty-one thousand six hundred thirty-three crores and eighty-five lakhs only).

[F.No. 200/10/2003-ITA-I]