Central Government specifies ' 13% Secured Redeemable Bonds (Series 1) ' issued by the Nuclear Power Corporation of India Ltd., Bombay u/s 193(iib) - S.O.1100 - Income Tax Act, 1961
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Specified secured redeemable bonds: transfer benefit conditional on transferee's registered notice within prescribed period. The Central Government specifies 13% Secured Redeemable Bonds (Series 1) issued by the Nuclear Power Corporation of India Ltd. as falling within clause (iib) of the proviso to section 193 of the Income-tax Act, 1961. The proviso's benefit on transfer by endorsement or delivery is conditional: the transferee must inform the issuer by registered post within sixty days of the transfer for the benefit to be admissible.
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.
Specified secured redeemable bonds: transfer benefit conditional on transferee's registered notice within prescribed period.
The Central Government specifies 13% Secured Redeemable Bonds (Series 1) issued by the Nuclear Power Corporation of India Ltd. as falling within clause (iib) of the proviso to section 193 of the Income-tax Act, 1961. The proviso's benefit on transfer by endorsement or delivery is conditional: the transferee must inform the issuer by registered post within sixty days of the transfer for the benefit to be admissible.
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