Notification No. 924E — Following Secured Redeemable Non-Convertible Bonds issued by the Steel Authority of India

What this is

Notification No. 924E was published on 20 November 1995. Its subject is Following Secured Redeemable Non-Convertible Bonds issued by the Steel Authority of India Limited specified under section 80L.

This notifies a named person, body, fund or instrument for the purpose of a provision. Nothing in it changes the provision itself.

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.

Under the 1961 Act	Now
s.80L	no counterpart recorded

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

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 following Secured Redeemable Non-Convertible Bonds issued by the Steel Authority of India Limited, New Delhi, for the purpose of the said clause, namely :--

(i) 7-year 17% (taxable) Secured Redeemable Non-Convertible Bonds (I-Issue) bearing distinctive numbers A-0000001 to A-5000000 of rupees one thousand each of the aggregate value of rupees five hundred crores only ;

(ii) 5-year 13.5% (taxable) Secured Redeemable Non-Convertible Bonds (II-Issue) bearing distinctive numbers B-0000001 to B-2950000, C-0000001 to C-1900000, and E-000001 to E-150000 of rupees one thousand each of the aggregate value of rupees five hundred crores only ; and

(iii) 5-year 13.75% (taxable) Secured Redeemable Non-Convertible Bonds (III-Issue) bearing distinctive numbers D-0000001 to D-1000000 of rupees one thousand each of the aggregate value of rupees one hundred crores only.

[Notification No. 9907/F.No. 178/5/94-ITA-I

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

Notification No. 117 — Following debentures specified under section 3 24 March 2005
Notification No. 116 — Following debentures specified under section 3 24 March 2005
Notification No. 115 — Following debentures specified under section 3 24 March 2005
Notification No. 50 — A notification under section 3 of the Income-tax Act, 1961 11 February 2005
Notification No. 49 — Notification Notification No. 49/2005, Dated 11-2-2005 11 February 2005
Notification No. 48 — Following debentures specified under section 3 11 February 2005

← Notification No. 73 · Notification No. 3075 →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.