Central Government specifies '10-year 9% (tax-free) Secured Redeemable Non-Convertible Bonds (Private Placement)', issued by the Nuclear Power Corporation u/s 10(15)(iv)(h) - S.O.665(E) - Income Tax Act, 1961
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Tax-exempt bond specification: exemption for secured redeemable non-convertible bonds subject to holder registration with issuer. Central Government specifies secured, redeemable, non-convertible bonds issued by the Nuclear Power Corporation as tax-exempt under the relevant income tax provision; the tax benefit is admissible only if the holder registers his name and holding with the Corporation, making registration a prerequisite for entitlement to the exemption.
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Provisions expressly mentioned in the judgment/order text.
Tax-exempt bond specification: exemption for secured redeemable non-convertible bonds subject to holder registration with issuer.
Central Government specifies secured, redeemable, non-convertible bonds issued by the Nuclear Power Corporation as tax-exempt under the relevant income tax provision; the tax benefit is admissible only if the holder registers his name and holding with the Corporation, making registration a prerequisite for entitlement to the exemption.
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