Section(s) Referred: 10 ,10(23D)
Statute: INCOME TAX
Date of Issue: 21/9/1989
In exercise of the powers conferred by clause (23D) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “The India Magnum Fund N. V. Mutual Fund” set up by the State Bank of India, a bank constituted under the State Bank of India Act, 1955 (23 of 1955), as the Mutual Funds of public sector banks for the purpose of the said provision.
[No. 8459/F. No. 133/300/89-TPL