REGD NO D L-33004/99 The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
[No. 707 | NEW DELHI, MONDAY, SEPTEMBER 9, 2002/BHADRA 18,1924
2 THE GAZETTE OF INDIA: EXTRAORDINARY TIJART II—Sbc. 3fii)l
MINISTRY OF FINANCE AND COMPANY AFFAIRS
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 9th September, 2002
INCOME-TAX
S.0.953(E).—In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of Section 10 of the Income-tax Act, 1 % I (43 of 1961), the Central Government hereby specifies tax free Bonds Series I-A of rupees one lakh each, tax free Bonds Series-I-B of rupees one lakh each, tax free bonds Series II-A of rupees ten thousand each and tax free Bonds Sei ies-ll-B of rupees ten thousand each issued by SardarSarovar Narmada Nigam Limited carrying an interest of 9,20%. 9 50%, 9.20% and 9.50% per annum for a period of 5,7,5 and 7 years respectively for a total amount of rupees 500 crores with following details :—
Amount
Distinctive Number
Series
1—7500
rupees seventy five crores
1. I-A
7501—20,000
rupees one hundred twenty five crores
2. d-B
20,001—1,45,000
rupees one hundred twenty five crores
II-A
3.
rupees one hundred seventy five crores
1,45,001 --3,20,000 4. Il-B
, Provided that the benefit under the said section shall be admissible only if the holder of such bonds registers his/her name and the holding with the said Corporation.
[Notification No. 242/2002/F. No. 178/26/2002-ITA-I]
I.P.S.BINDRA, Under Secy.