Tax-exempt bonds specified for Neyveli Lignite Corporation require holder registration to secure income-tax exemption by notification. Central Government specifies 10-year secured redeemable non-convertible bonds (C Series) issued by Neyveli Lignite Corporation Limited as eligible for income-tax exemption under the designated item of section 10; the tax-exemption is conditional on the holder registering his name and holding with the Corporation.
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Provisions expressly mentioned in the judgment/order text.
Tax-exempt bonds specified for Neyveli Lignite Corporation require holder registration to secure income-tax exemption by notification.
Central Government specifies 10-year secured redeemable non-convertible bonds (C Series) issued by Neyveli Lignite Corporation Limited as eligible for income-tax exemption under the designated item of section 10; the tax-exemption is conditional on the holder registering his name and holding with the Corporation.
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