The Central Government hereby specifies the bonds in the nature of debentures, detailed below, issued by the 'Industrial Credit and Investment Corporation of India Limited, Mumbai', in its public issue of Safety Bonds-December, 2000, u/s 80L - 386/2002 - Income Tax Act, 1961
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Specified bonds under Section 80L designated as tax saving and regular income instruments by government notification. The Central Government specifies bonds in the nature of debentures issued in Safety Bonds December, 2000 under clause (ii) of sub section (1) of Section 80L of the Income tax Act, identifying Tax Saving Bonds (two options) and Regular Income Bonds (three options) with allotted quantities and distinctive serial number ranges, thereby recognising those allotments as qualifying instruments for the purposes of the provision.
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Provisions expressly mentioned in the judgment/order text.
Specified bonds under Section 80L designated as tax saving and regular income instruments by government notification.
The Central Government specifies bonds in the nature of debentures issued in Safety Bonds December, 2000 under clause (ii) of sub section (1) of Section 80L of the Income tax Act, identifying Tax Saving Bonds (two options) and Regular Income Bonds (three options) with allotted quantities and distinctive serial number ranges, thereby recognising those allotments as qualifying instruments for the purposes of the provision.
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