Notification: S.O.924(E)
Section(s) Referred: 80L ,80L(1) ,80L(1)(ii)
Statute: INCOME TAX
Date of Issue: 20/11/1995
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 Steel Authority of India Limited, New Delhi, for the purpose of the said clause, namely :–
(i) 7-year 17% (taxable) Secured Redeemable Non-Convertible Bonds (I-Issue) bearing distinctive numbers A-0000001 to A-5000000 of rupees one thousand each of the aggregate value of rupees five hundred crores only ;
(ii) 5-year 13.5% (taxable) Secured Redeemable Non-Convertible Bonds (II-Issue) bearing distinctive numbers B-0000001 to B-2950000, C-0000001 to C-1900000, and E-000001 to E-150000 of rupees one thousand each of the aggregate value of rupees five hundred crores only ; and
(iii) 5-year 13.75% (taxable) Secured Redeemable Non-Convertible Bonds (III-Issue) bearing distinctive numbers D-0000001 to D-1000000 of rupees one thousand each of the aggregate value of rupees one hundred crores only.
[Notification No. 9907/F.No. 178/5/94-ITA-I
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