Central Government specifies 6-1/4 per cent.--10 Year Bonds, 1988 (Ist Series) issued by the Industrial Reconstruction Corporation of India between 1st November and 3rd November, 1979 u/s 80L
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Designation under section 80L: specified corporate bonds issued during a defined issuance window qualify for the clause's tax treatment.
Central Government, under clause (ii) of sub section (1) of section 80L of the Income tax Act, specifies a series of 10 year bonds issued by the Industrial Reconstruction Corporation of India during a defined short issuance window in November 1979 as qualifying instruments for the purposes of that clause, thereby designating them as specified bonds for the statute's tax treatment.