Specified bonds under section 80L designated for tax purposes; lists ICICI Safety Bonds and their issue particulars. Central Government, under clause (ii) of sub section (1) of section 80L of the Income tax Act, specifies certain bonds issued by Industrial Credit and Investment Corporation of India Limited in the public issue 'Safety Bonds-April, 1998' as bonds in the nature of debentures, listing Regular Income Bond I, Regular Income Bond II, Regular Income Bond III, Tax Saving Bond 1 and Tax Saving Bond 2 with face value Rs. 5,000 and their distinctive numbers and amounts raised.
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.
Specified bonds under section 80L designated for tax purposes; lists ICICI Safety Bonds and their issue particulars.
Central Government, under clause (ii) of sub section (1) of section 80L of the Income tax Act, specifies certain bonds issued by Industrial Credit and Investment Corporation of India Limited in the public issue "Safety Bonds-April, 1998" as bonds in the nature of debentures, listing Regular Income Bond I, Regular Income Bond II, Regular Income Bond III, Tax Saving Bond 1 and Tax Saving Bond 2 with face value Rs. 5,000 and their distinctive numbers and amounts raised.
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