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<h1>Government Specifies 14% Redeemable Bonds by Neyveli Lignite Under Section 80L of Income-tax Act, 1961</h1> The Central Government, under the powers granted by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961, specifies the 7-Year '14 per cent. secured Redeemable Non-convertible Bonds' issued by M/s. Neyveli Lignite Corporation Limited. This specification is for the purposes outlined in the mentioned clause, as per Notification No. S.O.4031 dated 17-10-1986.