Central Government specifies the '11.5 per cent. IDBI Bonds, 2009 (Fifty-second Series)', issued by the Industrial Development Bank of India, Bombay u/s 193(iib) - S.O.1754 - Income Tax Act, 1961
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Specified security exemption under section 193 proviso requires transferee to notify issuer within prescribed period to claim benefit. The Central Government specifies the '11.5 per cent. IDBI Bonds, 2009 (Fifty-second Series)' as specified securities under the proviso to section 193, making the proviso's treatment applicable; the proviso's benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuer by registered post within sixty days of such 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.
Specified security exemption under section 193 proviso requires transferee to notify issuer within prescribed period to claim benefit.
The Central Government specifies the "11.5 per cent. IDBI Bonds, 2009 (Fifty-second Series)" as specified securities under the proviso to section 193, making the proviso's treatment applicable; the proviso's benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuer by registered post within sixty days of such transfer.
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