Tax exemption for specified REC bonds granted, subject to holder registration with the issuing corporation. Central Government designates a specified series of secured, redeemable, non-convertible REC bonds as tax-free under the Income-tax Act provision applicable to such instruments. The tax benefit is qualified by a mandatory condition that the bondholder register his name and holding with the issuing corporation to be eligible for the exemption.
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.
Tax exemption for specified REC bonds granted, subject to holder registration with the issuing corporation.
Central Government designates a specified series of secured, redeemable, non-convertible REC bonds as tax-free under the Income-tax Act provision applicable to such instruments. The tax benefit is qualified by a mandatory condition that the bondholder register his name and holding with the issuing corporation to be eligible for the exemption.
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