Specification of IDBI bond series under section 80L enables tax deduction recognition for the identified bond categories. Central Government specified multiple IDBI bond series by distinctive numbers and face values-two Regular Income Bonds series and two Easy Exit Bonds series-issued by the Industrial Development Bank of India, Mumbai, for the purposes of income-tax deduction under section 80L.
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Provisions expressly mentioned in the judgment/order text.
Specification of IDBI bond series under section 80L enables tax deduction recognition for the identified bond categories.
Central Government specified multiple IDBI bond series by distinctive numbers and face values-two Regular Income Bonds series and two Easy Exit Bonds series-issued by the Industrial Development Bank of India, Mumbai, for the purposes of income-tax deduction under section 80L.
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