PAN requirement exemption narrowed to long-term bonds under amendment to section 206AA, altering scope of interest exemption. The amendment deletes the word 'infrastructure' from sub section (7) of section 206AA so that the provision's non application covers interest on long term bonds referred to in the interest provision rather than being limited to long term infrastructure bonds; the amendment takes effect from 1st October, 2014.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
PAN requirement exemption narrowed to long-term bonds under amendment to section 206AA, altering scope of interest exemption.
The amendment deletes the word "infrastructure" from sub section (7) of section 206AA so that the provision's non application covers interest on long term bonds referred to in the interest provision rather than being limited to long term infrastructure bonds; the amendment takes effect from 1st October, 2014.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.