Specified debentures under section 80L: secured taxable bonds issued by Steel Authority of India Limited treated as specified instruments.
Central Government designates certain debentures issued by the Steel Authority of India Limited as specified debentures under the Income-tax Act. The instruments are secured, redeemable, non-convertible bonds of fixed denomination, carry a stated rate of interest payable half-yearly, are issued in a contiguous series of distinctive numbers, and are specified for the purpose of the relevant tax provision permitting such designation.

Specified debentures under Section 80L: tax recognition for seven year secured, redeemable non convertible bonds.
Specification designates a seven year, secured, redeemable, non convertible taxable debenture issue (VIIth Issue - I Series) with 14.5% annual interest payable half yearly, face value one lakh, distinctive numbers L 1 to L 49700, issued by Steel Authority of India Limited and specified for the purpose of Section 80L of the Income tax Act.

Specified debentures under Section 80L: designation of secured, redeemable, non convertible taxable bonds for a public sector issuer.
Central Government, invoking clause (ii) of sub section (1) of Section 80L of the Income tax Act, specifies secured, redeemable, non convertible and taxable debentures in the nature of bonds issued by Steel Authority of India Limited, identifying the series designation, fixed denomination, stated interest payable half yearly and distinctive numbering for the purpose of that provision.

Specified bonds under section 80L: 5-year secured taxable debentures designated for clause (ii) qualification issue.
Central Government specifies, under clause (ii) of sub-section (1) of section 80L, the Power Grid Bonds (VIIth Issue) as 5-year, 13.5% per annum, secured, redeemable, non-convertible and taxable debentures of Rs. 1,000 each, bearing distinctive numbers G-0000001 to G-2000000, with interest payable half-yearly and an aggregate issue amounting to two hundred crores.

Deduction of interest on securities - specified IDBI debentures in Flexi bond 5 series declared eligible under tax notification.
Deduction of interest on securities under section 80L is extended by executive notification specifying four named debenture series issued by the Industrial Development Bank of India in its Flexi bond 5 Series-Regular Income Bond, Growing Interest Bond, Multi Option Bond and Infrastructure (Tax saving) Bonds-as eligible instruments for the statutory deduction.

Tax exemption for specified Nuclear Power Corporation bonds under section 10(15)(iv)(h), subject to holder registration.
Central Government specifies a named series of Nuclear Power Corporation of India Limited bonds as exempt under item (h) of sub-clause (iv) of clause (15) of section 10, identifying the series by interest rate, denomination and distinctive numbers; the exemption is admissible only if each holder registers his name and holding with the issuing corporation.

Specification of taxable HUDCO infrastructure bonds under section 80L confirms their recognition for tax purposes.
The Central Government specifies the Taxable Unsecured and Redeemable Housing and Urban Development Corporation Infrastructure Bonds (Series I) issued by the Housing and Urban Development Corporation Limited as qualifying for clause (ii) of sub section (1) of section 80L of the Income tax Act, describing them by distinctive numbers, face amount, stated annual interest payable half yearly, and aggregate issuance amount.

Tax-exempt bonds: Government specifies RECL seven-year bonds as tax-exempt, subject to mandatory holder registration requirement.
Government specifies three series of seven year tax free bonds issued by Rural Electrification Corporation Limited, each defined by interest rate, half yearly interest payments, tranche designation, distinctive bond numbers, face value per bond and aggregate issue value; tax benefit is admissible only if the holder registers their name and holding with the issuing corporation.

Specification of non-convertible secured redeemable bonds under section 80L enables formal identification of a particular issuance.
Central Government specifies a tranche of taxable non-convertible secured redeemable bonds issued by the Steel Authority of India Limited-IIIrd Issue-II Series bearing distinctive numbers F-1 to F-40000 and aggregating to a stated corpus-for the purposes of the relevant clause of the Income-tax Act, by formal notification citing the administrative authority to make that specification.

Specified taxable debentures under section 80L: government notifies secured redeemable non convertible bonds carrying fixed interest payable half yearly.
Specification under the Income tax Act designates the Steel Authority of India Limited's IV Issue, I Series debentures as 5 year, 17% per annum, secured, redeemable, non convertible bonds carrying interest payable half yearly, and records their series identification and issuance particulars for the purposes of the relevant clause of the Act.

Specified secured redeemable non convertible debentures designated for tax recognition, interest payable half yearly by a public sector issuer.
Central Government specifies 5 year, 16% secured, redeemable, non convertible taxable debentures (VI Issue, I Series) of Rs.100,000 each, with interest at 16% per annum payable half yearly, issued by Steel Authority of India Limited in a specified aggregate amount and bearing distinctive numbers K 1 to K 20000, for the purposes of clause (ii) of sub section (1) of section 80L of the Income tax Act.

Specified debentures under Section 80L: central government designates taxable secured redeemable bonds issued by Steel Authority.
Central Government specifies a series of secured, redeemable, non-convertible debentures issued by Steel Authority of India Limited as meeting the criteria of clause (ii) of sub section (1) of Section 80L of the Income tax Act; the instruments carry the notified annual interest payable half yearly, have a seven year term, are issued in stated face value units with enumerated distinctive numbers, and aggregate to the notified issue amount.

Specified debentures under Section 80L confirm tax recognition for secured redeemable non convertible bonds issued by SAIL.
Central Government specifies for the purposes of section 80L the five year secured, redeemable, non convertible and taxable debentures issued by Steel Authority of India Limited, carrying annual interest payable half yearly, issued as bonds of specified face value and identified by a defined range of distinctive numbers, thereby recognising those instruments under clause (ii) of sub section (1) of section 80L.

Section 80L deduction: specified interest-bearing secured redeemable non-convertible taxable debentures are made eligible under the statute.
Central Government specifies, under section 80L of the Income-tax Act, secured redeemable non-convertible taxable debentures issued by Power Grid Corporation of India Limited as qualifying instruments by identifying issuer, denomination, series numbers, tenor, interest payment terms and aggregate issue size, thereby formally including those bonds within the statutory specification mechanism for tax treatment under the cited provision.

Specified debentures tax exemption: bonds issued by Industrial Development Bank of India designated under income-tax provision.
Central Government specifies certain IDBI debentures issued in the Flexibond-5 public issue - Regular Income Bond, Growing Interest Bond, Multi Option Bond and Infrastructure (tax saving) Bonds - by name, distinctive number ranges and a face value of five thousand rupees, as qualifying instruments for the purposes of clause (ii) of sub-section (1) of section 80L of the Income-tax Act.

Specification of taxable HUDCO infrastructure bonds under section 80L confirms unsecured, redeemable status and interest terms.
The Central Government, invoking clause (ii) of sub section (1) of section 80L of the Income tax Act, specifies Series I taxable, unsecured and redeemable Housing and Urban Development Corporation infrastructure bonds (distinctive numbers 000001-2500113), each of specified face value aggregating to the stated issue amount, and carrying interest at fifteen per cent per annum payable half yearly, for the purpose of that clause.

Section 80L specification: non-convertible secured redeemable bonds of Steel Authority designated eligible under the Act.
Central Government specifies under Section 80L the 16% non-convertible secured redeemable bonds issued by Steel Authority of India Limited as qualifying instruments for the purposes of that provision, identifying the specific issue and series by distinctive numbers and recording their face value and aggregate issuance amount as designated for the statutory tax treatment.

Income-tax procedural amendment clarifies cross-references and mandates triplicate submission of Form 3CF through the tax commissioner.
The amendment modifies rule 6(1) to reference clause (i) of sub-section (1) and revises Form No. 3CF notes: Note 2 designates the Central Government in place of the "prescribed authority"; Note 3 requires filing the application form in triplicate to the Central Board of Direct Taxes through the Commissioner of Income-tax having jurisdiction; and Note 4 obliges applicants to furnish any other particulars required by the Central Government.

Slump sale reporting: prescribed accountant's report required with the return to certify net worth and allocation for capital gains.
A mandatory accountant's report for transfers by way of slump sale must be furnished with the return of income in the prescribed Form No. 3CEA; it requires assessee and undertaking identification, purchaser and transaction details, book-value particulars and allocation ratios, and a certified computation of the net worth of the assessee and the transferred undertaking or division. The accountant must certify that necessary information was obtained and that net-worth computation follows the statutory provision; the report must be filed with profit and loss account and balance sheet or audited statements and separate computations where multiple undertakings are transferred.

Tax exemption under section 10(23) limited by conditions on income application, permitted investments, and distribution restrictions.
Notification grants tax-exempt status under clause (23) of section 10 subject to conditions: income must be applied or accumulated exclusively for the institution's objects in conformity with the modified application and accumulation rules; funds must be invested only in permitted forms or modes; income must not be distributed to members except as grants to affiliated associations or institutions; and business income is excluded unless incidental to objectives and maintained in separate books.