Central Government specifies the following bonds, issued by the Industrial Development Bank of India, Bombay u/s 193(iib) - S.O.974 - Income Tax

Central Government specifies the following bonds, issued by the Industrial Development Bank of India , Bombay u/s 193(iib) NOTIFICATION NO. S.O.974 DATED 25-3-1989 In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the following bonds, issued by the Industrial Development Bank of India, Bombay, for the purposes of the said clause, namely :--- (1) 11.50 per cent. IDBI Bonds, 2008 (Fiftieth Series) ; (2) 11.50 per cent. IDBI Bonds, 2009 (Fifty-first Series). Provided that the benefit under the said proviso shall be admissible in the case of transfer of such bonds, by endorsement or delivery, only if the transferee informs the Industrial Development Bank of India by registered post within a period of sixty days of such transfer. [No. 8299/F. No. 275/142/88-IT(B)]