Central Government specifies '11.5% IDBI Bonds, 2008 (49th Series)', issued by the Industrial Development Bank of India, Bombay u/s 193(iib) - S.O.3232 - Income Tax Act, 1961
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Specified bond transfer benefit conditioned on timely registered notice to the issuer after transfer to secure proviso entitlement. The Government specifies certain bonds issued by the Industrial Development Bank of India as eligible for the proviso benefit to the withholding rule. The proviso benefit on transfer by endorsement or delivery is conditional on the transferee informing the issuer by registered post within sixty days of the transfer; noncompliance denies the benefit.
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 bond transfer benefit conditioned on timely registered notice to the issuer after transfer to secure proviso entitlement.
The Government specifies certain bonds issued by the Industrial Development Bank of India as eligible for the proviso benefit to the withholding rule. The proviso benefit on transfer by endorsement or delivery is conditional on the transferee informing the issuer by registered post within sixty days of the transfer; noncompliance denies the benefit.
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