Central Government specifies the bonds in the nature of debentures, issued by the Industrial Credit and Investment Corporation of India Limited, Mumbai, u/s 80L - 231(E) - Income Tax Act, 1961
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Specified bonds under section 80L: ICICI Safety Bonds declared eligible for clause benefits in income tax provisions. Central Government designates certain bonds in the nature of debentures issued by ICICI in its Safety Bonds public issue as specified for the purposes of clause (ii) of the income tax provision, listing allotment particulars and categorising instruments as Encash Bonds, Tax Saving Bonds (two options), and Regular Income Bonds (four options) with face value and distinctive number ranges.
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.
Specified bonds under section 80L: ICICI Safety Bonds declared eligible for clause benefits in income tax provisions.
Central Government designates certain bonds in the nature of debentures issued by ICICI in its Safety Bonds public issue as specified for the purposes of clause (ii) of the income tax provision, listing allotment particulars and categorising instruments as Encash Bonds, Tax Saving Bonds (two options), and Regular Income Bonds (four options) with face value and distinctive number ranges.
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