Section 80L specified bonds: tax-benefit recognition for ICICI Safety Bonds, debentures recognized under clause (ii) by government The Central Government specifies bonds issued by Industrial Credit and Investment Corporation of India Limited in its public issue of Safety Bonds as eligible under clause (ii) of section 80L of the Income-tax Act. The notification lists bond categories, their face values and distinctive serial number ranges, and records the aggregate amounts raised for each category to delineate the specified bonds recognized under the statutory provision.