Central Government specifies the '7-year 13 per cent. (taxable) Secured Redeemable Non-convertible NLC Bonds (D-series)', issued by the Neyveli Lignite Corporation Limited u/s 193(iib) - S.O.774(E) - Income Tax Act, 1961
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Specified NLC bonds transfer benefit requires transferee notice by registered post within sixty days. Central Government specifies the 7 year 13 per cent. (taxable) Secured Redeemable Non convertible NLC Bonds (D series) as falling within the proviso to section 193, and provides that the benefit under that proviso on transfer by endorsement or delivery is admissible only if the transferee informs the issuing corporation 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 NLC bonds transfer benefit requires transferee notice by registered post within sixty days.
Central Government specifies the 7 year 13 per cent. (taxable) Secured Redeemable Non convertible NLC Bonds (D series) as falling within the proviso to section 193, and provides that the benefit under that proviso on transfer by endorsement or delivery is admissible only if the transferee informs the issuing corporation by registered post within sixty days of such transfer.
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