Specified debentures under section 80L: identified IDBI bond series recognized as qualifying debentures for deduction purposes. Central Government specifies particular debentures as specified debentures under clause (ii) of sub section (1) of section 80L, identifying four IDBI bond categories issued in the Flexibonds 8 series-Regular Income Bond, Growing Interest Bond, Floating Rate Bond and Infrastructure (tax saving) Bond-each defined by distinctive serial number ranges and a face value of five thousand rupees, and names Industrial Development Bank of India, Mumbai as the issuer.
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 debentures under section 80L: identified IDBI bond series recognized as qualifying debentures for deduction purposes.
Central Government specifies particular debentures as specified debentures under clause (ii) of sub section (1) of section 80L, identifying four IDBI bond categories issued in the Flexibonds 8 series-Regular Income Bond, Growing Interest Bond, Floating Rate Bond and Infrastructure (tax saving) Bond-each defined by distinctive serial number ranges and a face value of five thousand rupees, and names Industrial Development Bank of India, Mumbai as the issuer.
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