Specification under section 80L: Certain IDBI Flexibonds II debentures designated as bonds for tax purposes. The Central Board of Direct Taxes, by notification dated 17 May 2002, specifies certain debentures issued by the Industrial Development Bank of India, Mumbai, in its Flexibonds II Series (200102) as debentures 'in the nature of bonds' for purposes of section 80L of the Income tax Act, 1961. The notification identifies three instruments - Regular Income Bond, Growing Interest Bond, and Infrastructure (Tax saving) Bond - each of face value Rs. 5,000 and each described by distinctive number ranges and option designations.