Tax-free bond specification under section 10(15)(iv)(h) exempts REC bonds from income tax, subject to registration with issuer. Statutory exemption provision specifies a series of 9.35% tax-free bonds issued by a designated public power-sector issuer, identified by distinctive numbers and denomination; the tax exemption is conditional upon the bondholder registering their 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 bond specification under section 10(15)(iv)(h) exempts REC bonds from income tax, subject to registration with issuer.
Statutory exemption provision specifies a series of 9.35% tax-free bonds issued by a designated public power-sector issuer, identified by distinctive numbers and denomination; the tax exemption is conditional upon the bondholder registering their name and holding with the issuing corporation.
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