Central Government specifies the 7-years 14.5% Secured, Redeemable, Non-convertible and Taxable Debentures in the nature of bonds issued by the Steel Authority of India Limited, New Delhi u/s 80L - S. O. 510(E) - Income Tax Act, 1961
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Specified debentures under Section 80L: tax recognition for seven year secured, redeemable non convertible bonds. Specification designates a seven year, secured, redeemable, non convertible taxable debenture issue (VIIth Issue - I Series) with 14.5% annual interest payable half yearly, face value one lakh, distinctive numbers L 1 to L 49700, issued by Steel Authority of India Limited and specified for the purpose of Section 80L of the Income tax Act.
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Provisions expressly mentioned in the judgment/order text.
Specified debentures under Section 80L: tax recognition for seven year secured, redeemable non convertible bonds.
Specification designates a seven year, secured, redeemable, non convertible taxable debenture issue (VIIth Issue - I Series) with 14.5% annual interest payable half yearly, face value one lakh, distinctive numbers L 1 to L 49700, issued by Steel Authority of India Limited and specified for the purpose of Section 80L of the Income tax Act.
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