Central Government specifies the 3--year Industrial Development Bank of India Capital Bonds issued by the Industrial Development Bank of India u/s 54E - S.O.847 - Income Tax Act, 1961
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Specified Industrial Development Bank bonds under section 54E recognized as qualifying investment for capital gains exemption treatment. The Central Government specifies the 3 year Industrial Development Bank of India Capital Bonds issued by the Industrial Development Bank of India as meeting the requirements of the Explanation to sub section (1) of section 54E of the Income tax Act, invoking clause (d) of that Explanation and designating those bonds as the prescribed instruments for the statutory category.
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Provisions expressly mentioned in the judgment/order text.
Specified Industrial Development Bank bonds under section 54E recognized as qualifying investment for capital gains exemption treatment.
The Central Government specifies the 3 year Industrial Development Bank of India Capital Bonds issued by the Industrial Development Bank of India as meeting the requirements of the Explanation to sub section (1) of section 54E of the Income tax Act, invoking clause (d) of that Explanation and designating those bonds as the prescribed instruments for the statutory category.
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