10978 : Notification: 10978 Date of Issue: 28/6/1999

Notification: 10978 Date of Issue: 28/6/1999

Notification: 10978

Section(s) Referred: s. 80L(1)(ii)

Statute: INCOME TAX

Date of Issue: 28/6/1999

In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the 5 years 13.5% secured, redeemable, non-convertible and taxable debentures in the nature of bonds (VII-Issue, II-Series) of Rs. 1,00,000 each carrying an interest of 13.5% per annum payable half-yearly for an amount of rupees two hundred seventy crores only bearing distinctive numbers from M-1 to M-27000 issued by the Steel Authority of India Limited, New Delhi for the purpose of the said clause.

[F. No. 178/32/98-ITA-I]