Specification of bonds under section 80L creates tax benefit subject to transferee's obligation to notify issuer within specified period. Central Government specifies the 7-year 13 per cent Non-Cumulative Secured Redeemable Bonds 4th Series D(II) issued by the Nuclear Power Corporation of India Limited, Bombay, as eligible under clause (ii) of sub-section (1) of section 80L of the Income tax Act, 1961; benefit on transfer by endorsement or delivery is admissible only if the transferee informs the Corporation by registered post within sixty days of transfer.