Tax-free bonds specified under section 10(15)(iv)(h) confer tax-exempt status subject to holder registration and issuance conditions. Notification specifies tax-exempt non-convertible, unsecured and redeemable bonds issued in a stated series, describing denomination, fixed interest payable half-yearly for seven years, and a contiguous range of distinctive numbers; the tax exemption under the provision is admissible only if the holder registers name and holding with the issuing agency.
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 bonds specified under section 10(15)(iv)(h) confer tax-exempt status subject to holder registration and issuance conditions.
Notification specifies tax-exempt non-convertible, unsecured and redeemable bonds issued in a stated series, describing denomination, fixed interest payable half-yearly for seven years, and a contiguous range of distinctive numbers; the tax exemption under the provision is admissible only if the holder registers name and holding with the issuing agency.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
