Notification: S.O.437(E)
Section(s) Referred: 80L ,80L(1) ,80L(1)(ii)
Statute: INCOME TAX
Date of Issue: 15/5/1995
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 following Secured Redeemable Non-Convertible Bonds issued by the Mahanagar Telephone Nigam Limited for the purpose of the said clause, namely :–
(i) 7-years 18% (taxable) (7th Series–Part A) Secured Redeemable Non-convertible Bonds bearing distinctive numbers 1 to 2000000 of rupees one thousand each of the aggregate value of rupees two hundred crores only ;
(ii) 7-years 17% (taxable) Secured Redeemable Non-Convertible Bonds (7th Series–Part B) bearing distinctive numbers 2000001 to 4520000 of rupees one thousand each of the aggregate value of rupees two hundred fifty-two crores only ;
(iii) 5/7-years 18% (taxable) Secured Redeemable Non-Convertible Bonds (9th Series) bearing distinctive numbers from 1 to 950000 of rupees one thousand each of the aggregate value of rupees ninety-five crores only ;
(iv) 5/7-years-17% (taxable) Secured Redeemable Non-Convertible Bonds (9th Series) bearing distinctive numbers from 950001 to 4900000 of rupees one thousand each of the aggregate value of rupees three thousand ninety-five crores only.
[Notification No. 9768/F. No. 178/2/94-ITA-I
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