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Notification: S. O. 392(E)
Section(s) Referred: s. 80L(1)(ii)
Statute: INCOME TAX
Date of Issue: 28/5/1999
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–
(i) the Industrial Development Bank of India Regular Income Bonds bearing distinctive numbers IFR 000001 to 2323135 of the face value of rupees five thousand each ;
(ii) the Industrial Development Bank of India Growing Interest Bonds bearing distinctive numbers IFG 3000001 to 3135980 of the face value of rupees five thousand each ; and
(iii) the Industrial Development Bank of India Educational Bonds bearing distinctive numbers IFE 5000001 to 5021078 of the face value of rupees five thousand each,
issued by the Industrial Development Bank of India, Mumbai, a Corporation established under section 3 of the Industrial Development Bank of India Act of 1964 (18 of 1964), in its public issue of bonds in Flexibond-4 Series, for the purposes of the said clause.
[Notification No. 10945/F. No. 178/19/99-ITA-I]
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