Tax-free non-convertible bonds confirmed, conditional on holder registration with the issuer and stated interest terms. The Central Government designates specified non-convertible, unsecured and redeemable bonds issued by Power Corporation Limited during the 1999-2000 financial year as tax-free under item (h) of sub-clause (iv) of clause (15) of section 10, identifying the series by distinctive number ranges and interest/payment terms; the exemption is subject to the condition that holders register 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 non-convertible bonds confirmed, conditional on holder registration with the issuer and stated interest terms.
The Central Government designates specified non-convertible, unsecured and redeemable bonds issued by Power Corporation Limited during the 1999-2000 financial year as tax-free under item (h) of sub-clause (iv) of clause (15) of section 10, identifying the series by distinctive number ranges and interest/payment terms; the exemption is subject to the condition that holders register their name and holding with the issuing Corporation.
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