Section(s) Referred: 80L ,80L(1) ,80L(1)(ii)
Statute: INCOME TAX
Date of Issue: 18/3/1996
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 16.25 per cent. (Taxable) Secured Redeemable Non-convertible Bonds bearing distinctive numbers from C-1160001 to C-2500000 of Rs. 1,000 each aggregating to an amount of rupees one hundred thirty-four crores only issued by the Power/Grid Corporation of India Ltd., New Delhi, for the purpose of the said clause.
[Notification No. 10009/F. No. 178/104/95-ITA-I