Tax-free bonds under section 10(15)(iv)(h) exempt specified secured redeemable non-cumulative bonds if holders register their holdings. Central Government designates a specified series of secured, redeemable, non cumulative bonds issued by the Nuclear Power Corporation of India Limited as tax exempt under the Income tax Act clause corresponding to item (h) of sub clause (iv) of clause (15), describing the series, distinctive number range, aggregate issue amount, face value and prescribed interest rate; the notification conditions the tax benefit on registration of the holder's name and holding with the issuing corporation.
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.
Tax-free bonds under section 10(15)(iv)(h) exempt specified secured redeemable non-cumulative bonds if holders register their holdings.
Central Government designates a specified series of secured, redeemable, non cumulative bonds issued by the Nuclear Power Corporation of India Limited as tax exempt under the Income tax Act clause corresponding to item (h) of sub clause (iv) of clause (15), describing the series, distinctive number range, aggregate issue amount, face value and prescribed interest rate; the notification conditions the tax benefit on registration of the holder's name and holding with the issuing corporation.
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