Specified debentures designation: transfer benefit requires transferee to notify issuer by registered post within sixty days. Notification designates certain secured redeemable non-convertible bonds issued by specified public sector companies as debentures for clause (xvie) of section 5(1) of the Wealth-tax Act, 1957, and provides that the benefit on transfer is admissible only if the transferee informs the issuing company by registered post within sixty days of transfer.
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.
Specified debentures designation: transfer benefit requires transferee to notify issuer by registered post within sixty days.
Notification designates certain secured redeemable non-convertible bonds issued by specified public sector companies as debentures for clause (xvie) of section 5(1) of the Wealth-tax Act, 1957, and provides that the benefit on transfer is admissible only if the transferee informs the issuing company by registered post within sixty days of transfer.
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