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Case law › Notifications › 2003 › Notification No. 164
Notification 4 July 2003

Notification No. 164

Following debentures specified under section 3

What this is

Notification No. 164 was published on 4 July 2003. Its subject is Following debentures specified under section 3.

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 ActNow
s.3s.3
s.80Lno 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.

Notification No : 164

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

Date of Issue : 4/7/2003

Notification No. 164 of 2003, dt 4th July, 2003

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 debentures, in the nature of bonds, namely :

(i) the Industrial Development Bank of India Regular Income Bond (2002 B) of 12th Series bearing distinctive numbers from 121000001 to 121101505 under Option "A", from 121101506 to 121108489 under Option "B", from 121108490 to 121198017 under Option "C" and from 121198018 to 121201339 under Option "D" of the face value of Rs. 5,000 each;

(ii) the Industrial Development Bank of India Growing Interest Bond (2002 B) of 12th Series bearing distinctive numbers from 122000001 to 122075334 of the face value of Rs. 5,000 each;

(iii) the Industrial Development Bank of India Infrastructure (Tax-Saving) Bond (2002 B) 12th Series bearing distinctive numbers from 124000001 to 124216230 under Option "A" from 124216231 to 124224490 under Option "B" from 124224491 to 124369728 under Option "C" and from 124369729 to 124381549 under Option "D", of the face value of Rs. 5,000 each; and

(iv) the Industrial Development Bank of India Retirement Bond (2002 B) of 12th Series bearing distinctive numbers from 123000001 to 123007925 under Option "A" and from 123007926 to 123009398 under Option "B", of the face value of Rs. 5,000 each (with minimum investment of Rs. 25,000);

issued by the Industrial Development Bank of India, Mumbai, a Corporation established under section 3 of the Industrial Development Bank of India Act, 1964 (10 of 1964) in its public issue of bonds in Flexibonds-12th Series (200102), for the purposes of the said clause.

[F. No. 178/36/2002-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. 165  ·  Notification No. 163 →

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.