Specified bonds under Section 80L: certain ICICI Safety Bonds in public issue recognised for tax treatment. Central Government specifies bonds in the nature of debentures issued by Industrial Credit and Investment Corporation of India Limited, Mumbai, in its public issue of Safety Bonds (November 2000) for the purpose of clause (ii) of sub section (1) of Section 80L of the Income tax Act, 1961, listing Tax Saving Bonds and Regular Income Bonds with their allotment numbers, amounts and distinctive number ranges.