Exemption under section 10(23C)(v): notification treats IDBI Capital Bonds issued by the Industrial Development Bank as qualifying securities. The Central Government, under the income tax exemption provision, notifies '3 Years - 9 per cent. IDBI Capital Bonds' issued by the Industrial Development Bank of India as qualifying instruments for the purposes of clause (v) of sub section (23C) of section 10 of the Income tax Act, by Notification No. 0181 dated 13 10 1987.
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.
Exemption under section 10(23C)(v): notification treats IDBI Capital Bonds issued by the Industrial Development Bank as qualifying securities.
The Central Government, under the income tax exemption provision, notifies "3 Years - 9 per cent. IDBI Capital Bonds" issued by the Industrial Development Bank of India as qualifying instruments for the purposes of clause (v) of sub section (23C) of section 10 of the Income tax Act, by Notification No. 0181 dated 13 10 1987.
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