Specification under section 80L: NHPC K Series secured redeemable bonds recognised for tax purposes across multiple tranches. The Central Government specifies, under section 80L, three K Series secured, redeemable, non convertible bond issues of National Hydroelectric Power Corporation Limited, Haryana: Tranche I (5 years, 18% taxable), Tranche II (5 years, 17.5% taxable) and Tranche III (7 years, 17.5% taxable). Each bond is of one thousand rupees denomination; the notification records distinctive number ranges and aggregate issue amounts for each tranche and confines the action to identification of series, tenure, interest, security, redemption status, denomination and aggregate values for section 80L purposes.
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Provisions expressly mentioned in the judgment/order text.
Specification under section 80L: NHPC K Series secured redeemable bonds recognised for tax purposes across multiple tranches.
The Central Government specifies, under section 80L, three K Series secured, redeemable, non convertible bond issues of National Hydroelectric Power Corporation Limited, Haryana: Tranche I (5 years, 18% taxable), Tranche II (5 years, 17.5% taxable) and Tranche III (7 years, 17.5% taxable). Each bond is of one thousand rupees denomination; the notification records distinctive number ranges and aggregate issue amounts for each tranche and confines the action to identification of series, tenure, interest, security, redemption status, denomination and aggregate values for section 80L purposes.
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