10979 : Notification: 10979 Date of Issue: 28/6/1999

Notification: 10979 Date of Issue: 28/6/1999

Notification: 10979

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 7 years 14.5% secured, redeemable, non-convertible and taxable debentures in the nature of bonds (VII-Issue, I-Series) of Rs. 1,00,000 each carrying an interest of 14.5% per annum payable half-yearly for an amount of Rs. 497 crores bearing distinctive numbers from L-1 to L-49700 issued by the Steel Authority of India Limited, New Delhi for the purpose of the said clause.

[F.No. 178/88/97-ITA-I]