Tax exemption for specified debentures under section 80L extends to named IDBI Flexibonds in the 13th series. Notification under section 80L(1)(ii) specifies certain debentures of the Industrial Development Bank of India in Flexibonds 13th Series (2001 02) - namely the Regular Income Bond, Infrastructure Bond and Retirement Bond - identified by series, bond type, option categories and distinctive number ranges, each having a stated face value and, for the retirement bond, a specified minimum investment, for the purposes of clause (ii) of sub section (1) of section 80L.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption for specified debentures under section 80L extends to named IDBI Flexibonds in the 13th series.
Notification under section 80L(1)(ii) specifies certain debentures of the Industrial Development Bank of India in Flexibonds 13th Series (2001 02) - namely the Regular Income Bond, Infrastructure Bond and Retirement Bond - identified by series, bond type, option categories and distinctive number ranges, each having a stated face value and, for the retirement bond, a specified minimum investment, for the purposes of clause (ii) of sub section (1) of section 80L.
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