Tax-free bond specification: Konkan Railway Bonds tax exemption conditioned on holder registration and registration of holding with issuer. Central Government specifies issuance of tax-free bonds qualifying under sub-clause (h) of clause (iv) of section 10(15) of the Income tax Act, designating a specific series by distinctive numbers and fixing the aggregate issue amount. Interest on these designated bonds is exempt from income tax under the provision, subject to the condition that the bondholder registers his or her name and the holding with the issuing corporation before claiming the benefit.
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 bond specification: Konkan Railway Bonds tax exemption conditioned on holder registration and registration of holding with issuer.
Central Government specifies issuance of tax-free bonds qualifying under sub-clause (h) of clause (iv) of section 10(15) of the Income tax Act, designating a specific series by distinctive numbers and fixing the aggregate issue amount. Interest on these designated bonds is exempt from income tax under the provision, subject to the condition that the bondholder registers his or her name and the holding with the issuing corporation before claiming the benefit.
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