Deduction under section 80L: specified ICICI Safety Bonds made eligible for interest and dividend deduction by notification. The Central Government, under clause (ii) of section 80L, specifies certain bonds issued in the ICICI Safety Bonds-October 1999 public issue as eligible for deduction of interest on securities and dividends. The notification lists categories-Encash bonds; Tax Saving Bonds (Options I-V); and Regular Income Bonds (Options I-III)-and records the number of bonds allotted, their distinctive serial number ranges and the aggregate amounts for each category.
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.
Deduction under section 80L: specified ICICI Safety Bonds made eligible for interest and dividend deduction by notification.
The Central Government, under clause (ii) of section 80L, specifies certain bonds issued in the ICICI Safety Bonds-October 1999 public issue as eligible for deduction of interest on securities and dividends. The notification lists categories-Encash bonds; Tax Saving Bonds (Options I-V); and Regular Income Bonds (Options I-III)-and records the number of bonds allotted, their distinctive serial number ranges and the aggregate amounts for each category.
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