Central Government hereby specifies the 15-75 per cent. (Taxable) Secured Redeemable Non-Convertible POWER GRID Bonds u/s 80L - S.O. 104(E) - Income Tax Act, 1961
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Specification of secured redeemable taxable bonds under section 80L enables bonds to be recognised under the tax provision. Central Government specifies the 15-75 per cent. (Taxable) Secured Redeemable Non Convertible POWER GRID Bonds (V Issue) as eligible under clause (ii) of Section 80L of the Income tax Act, identifying the bonds by distinctive numbers E 0000001 to E 2000000 issued by the Power Grid Corporation of India Ltd., and treating the aggregate issue amount as falling within the scope of that clause for tax purposes.
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 secured redeemable taxable bonds under section 80L enables bonds to be recognised under the tax provision.
Central Government specifies the 15-75 per cent. (Taxable) Secured Redeemable Non Convertible POWER GRID Bonds (V Issue) as eligible under clause (ii) of Section 80L of the Income tax Act, identifying the bonds by distinctive numbers E 0000001 to E 2000000 issued by the Power Grid Corporation of India Ltd., and treating the aggregate issue amount as falling within the scope of that clause for tax purposes.
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