THE GAZETTE OF INDIA: EXTRAORDINARY

[PART il—Sbc. 3(ii)j

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, 1961 (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 Series-II-B of rupees ten thousand each issued by SardarSarovarNarmada 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:—

Series

I-A

,4-B

11-A

II-B

Amount

rupees seventy five crores

rupees one hundred twenty five crores

rupees one hundred seventy five crores

Distinctive Number

1—7500

7501—20,000

20,001—1,45,000

1,45,001—3,20,000

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.

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