Tax-exempt bonds under section 10(15)(iv)(h): Konkan Railway issuance tax-free, entitlement conditioned on holder registration. Central Government specifies 10.5 per cent tax-free Konkan Railway Bonds of the sixth series as falling under the tax exemption in clause (15)(iv)(h) of section 10, identifying distinctive numbers and the aggregate amount issued by Konkan Railway Corporation Limited. The notification provides that the tax benefit is admissible only if the holder registers his or her name and the holding with Konkan Railway Corporation Limited.
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Provisions expressly mentioned in the judgment/order text.
Tax-exempt bonds under section 10(15)(iv)(h): Konkan Railway issuance tax-free, entitlement conditioned on holder registration.
Central Government specifies 10.5 per cent tax-free Konkan Railway Bonds of the sixth series as falling under the tax exemption in clause (15)(iv)(h) of section 10, identifying distinctive numbers and the aggregate amount issued by Konkan Railway Corporation Limited. The notification provides that the tax benefit is admissible only if the holder registers his or her name and the holding with Konkan Railway Corporation Limited.
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