Central Government approves the Industrial Development Bank of India established under the Industrial Development Bank of India Act, 1964 (18 of 1964) u/s 80L(1)(via) - G.S.R.86(E) - Income Tax Act, 1961
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Approval under section 80L(1)(via) enables Industrial Development Bank of India to qualify for specified tax benefit. Approval of the Industrial Development Bank of India as a qualifying entity under section 80L(1)(via) of the Income-tax Act is effected by notification G.S.R.86(E), recognizing the Bank (established under the Industrial Development Bank of India Act, 1964) for the purposes of that clause and specifying the date on which the approval comes into force.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Approval under section 80L(1)(via) enables Industrial Development Bank of India to qualify for specified tax benefit.
Approval of the Industrial Development Bank of India as a qualifying entity under section 80L(1)(via) of the Income-tax Act is effected by notification G.S.R.86(E), recognizing the Bank (established under the Industrial Development Bank of India Act, 1964) for the purposes of that clause and specifying the date on which the approval comes into force.
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