Tax deduction under section 80L: specification of Industrial Reconstruction Bank bonds recognised for tax purposes. Exercise of notification power under the Income-tax Act to specify an 18th series of taxable Industrial Reconstruction Bank of India bonds, bearing a specified interest rate and 20 year tenor, as issued for the purposes of clause (ii) of sub section (1) of section 80L; the notification records distinctive numbering blocks for the series and the aggregate amount issued.
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Provisions expressly mentioned in the judgment/order text.
Tax deduction under section 80L: specification of Industrial Reconstruction Bank bonds recognised for tax purposes.
Exercise of notification power under the Income-tax Act to specify an 18th series of taxable Industrial Reconstruction Bank of India bonds, bearing a specified interest rate and 20 year tenor, as issued for the purposes of clause (ii) of sub section (1) of section 80L; the notification records distinctive numbering blocks for the series and the aggregate amount issued.
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