Central Government specifies the "11% IDBI Bonds, 2002 (47th Series)" issued by the Industrial Development Bank of India, Bombay u/s 193(iib) - S.O.1831 - Income Tax

Central Government specifies the "11% IDBI Bonds, 2002 (47th Series)" issued by the Industrial Development Bank of India , Bombay u/s 193(iib) NOTIFICATION NO. S.O.1831 DATED 12-5-1988 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 " 11% IDBI Bonds, 2002 (47th Series)" issued by the Industrial Development Bank of India, Bombay, for the purposes of the said clause Provided that the benefit under the said proviso shall be admissible in 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. 7960/F.No. 275/17/88-IT (B)]