Specification of taxable telephone bonds under section 80L requires transferee to notify issuer promptly after transfer. Central Government specifies 7-year 13% taxable secured redeemable non-convertible telephone bonds (1991, 5th Issue) as eligible under clause (ii) of sub section (1) of section 80L of the Income tax Act, 1961. The benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuer by registered post within sixty days of the 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.
Specification of taxable telephone bonds under section 80L requires transferee to notify issuer promptly after transfer.
Central Government specifies 7-year 13% taxable secured redeemable non-convertible telephone bonds (1991, 5th Issue) as eligible under clause (ii) of sub section (1) of section 80L of the Income tax Act, 1961. The benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuer by registered post within sixty days of the transfer.
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