Central Government specifies the '7-year--IPCL 13% Secured Redeemable Non-Convertible Bonds', issued by the Indian Petrochemicals Corporation Limited u/s 80L - S.O.201(E) - Income Tax Act, 1961
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Designation of specified bonds under section 80L permits tax benefit if transferee notifies issuer within sixty days. Central Government specifies the 7-year IPCL 13% Secured Redeemable Non-Convertible Bonds issued by Indian Petrochemicals Corporation Limited as qualifying for clause (ii) of sub section (1) of section 80L, subject to the condition that benefit on transfer by endorsement or delivery is admissible only if the transferee informs the Corporation by registered post within sixty days of transfer.
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.
Designation of specified bonds under section 80L permits tax benefit if transferee notifies issuer within sixty days.
Central Government specifies the 7-year IPCL 13% Secured Redeemable Non-Convertible Bonds issued by Indian Petrochemicals Corporation Limited as qualifying for clause (ii) of sub section (1) of section 80L, subject to the condition that benefit on transfer by endorsement or delivery is admissible only if the transferee informs the Corporation by registered post within sixty days of transfer.
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