Specification of taxable secured redeemable bonds under tax law - transfer benefit conditioned on transferee notice within prescribed period. The Central Government specifies a class of taxable seven year secured redeemable bonds (First Series) issued by a public financial institution as eligible for the tax benefit under the Income tax Act; the tax concession applies to income from those specified bonds. Availability of the benefit on transfer is conditional on the transferee informing the issuing corporation by registered post within sixty days of the transfer. The specification is effective for the assessment year 1992 93 and subsequent assessment years.