Notification No. 237E- — Bonds in the nature of debentures specified under section 80L

What this is

Notification No. 237E- was published on 16 March 2001. Its subject is Bonds in the nature of debentures 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 section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bonds in the nature of debentures, detailed below, issued by the Industrial Credit and Investment Corporation of India Limited, Mumbai, in its public issue of Safety Bonds-March, 2000, for the purpose of the said clause :

ICICI SAFETY BONDS--OCTOBER 1999 Allotment details ------- Face value of Distinctive numbers each bond From To Amount (Rs.) ------- 1. Gilt rate plus bond Rs. 5,000 1 857 42,85,000 2. Encash bonds Rs. 5,000 1 5506 2,75,30,000

3. Tax saving bonds :

Option-I Rs. 5,000 1 307090 1,53,54,50,000 Option-II Rs. 5,000 1 149549 74,77,45,000 Option-III Rs. 5,000 1 82370 41,18,50,000 Option-IV Rs. 5,000 1 49380 24,69,00,000 Option-V Rs. 5,000 1 15634 7,81,70,000

4. Regular income bonds :

Option-I Rs. 5,000 1 6585 3,29,25,000 Option-II Rs. 5,000 1 9364 4,68,20,000 Option-III Rs. 5,000 1 57841 28,92,05,000 ------- [Notification No. 67/2001/F. No. 178/46/2000-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. 258E- · Notification No. 235E- →

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.