Section 80L specification of IDBI Flexibond series bonds establishes eligible bond issues under the tax provision. Central Government, under clause (ii) of sub section (1) of section 80L of the Income tax Act, specifies three categories of bonds issued by the Industrial Development Bank of India in its public Flexibond 3 series - Infrastructure Bonds, Growing Income Bonds, and Regular Income Bonds - by their distinctive number ranges and uniform face value, thereby designating those particular issues as within the scope of the cited clause for tax purposes.
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.
Section 80L specification of IDBI Flexibond series bonds establishes eligible bond issues under the tax provision.
Central Government, under clause (ii) of sub section (1) of section 80L of the Income tax Act, specifies three categories of bonds issued by the Industrial Development Bank of India in its public Flexibond 3 series - Infrastructure Bonds, Growing Income Bonds, and Regular Income Bonds - by their distinctive number ranges and uniform face value, thereby designating those particular issues as within the scope of the cited clause for tax purposes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
