VittSphere ONE Calculators Blog CA Prabhakar Kumar · FCA · ICAI 560762
Calculators Blog Handle my notice
Case law › Notifications › 2003 › Notification No. 330
Notification 28 November 2003

Notification No. 330

Following debentures specified under section 3

What this is

Notification No. 330 was published on 28 November 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 : 330

Section(s) Referred :

Date of Issue : 28/11/2003

Notification No : 330 Date of Issue : 28/11/2003

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:-

BONDS HELD IN PHYSICAL FORM

(i) The Industrial Development Bank of India Regular Income Bond (2003D) of 18th Series bearing

distinctive numbers from 1 to 36647 under option A,

distinctive numbers from 41780 to 43850 under Option B,

distinctive numbers from 44061 to 52728 under Option C

distinctive numbers from 70604 to 70901 under Option D;

(ii) the Industrial Development Bank of India Floating Rate Bonds (2003D) of 18th Series bearing distinctive numbers from 1 to 6331 of the face value of Rs.5,000/- each;

(iii) The Industrial Development Bank of India Infrastructure (Tax Saving) Bond (2003 D) of 18th Series bearing

distinctive numbers from 1 to 492837 under option A,

distinctive numbers from 499038 to 527510 under Option B,

distinctive numbers from 528109 to 855813 under Option C

distinctive numbers from 858142 to 888806 under Option D;

BONDS HELP IN DEMAT FORM

(i) The Industrial Development Bank of India Regular Income Bond (2003D) of 18th Series bearing

distinctive numbers from 36648 to 41779 under option A, distinctive numbers from 43851 to 44060 under Option B, distinctive numbers from 52729 to 70603 under Option C, distinctive numbers from 70902 to 71001 under Option D;

(ii) the Industrial Development Bank of India Floating Rate Bonds (2003D) of 18th series bearing distinctive numbers from 6332 to 8876 of the face value of Rs.5,000/ each; and

(iii) The Industrial Development Bank of India Infrastructure (Tax Saving) Bond (2003 D) of 18th Series bearing

distinctive numbers from 492838 to 499037 under option A, distinctive numbers from 527511 to 528108 under Option B, distinctive numbers from 855814 to 858141 under Option C, distinctive numbers from 888807 to 889344 under Option D

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 Flexi bonds- 18th series, for the purposes of the said clause.

F. No. 178/46/2003-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. 331  ·  Notification No. 329 →

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.