Tax-free bond specification: transfer benefit conditional on transferee notifying issuer by registered post within sixty days. The Central Government specifies the 10-year 9% (tax-free) Secured Redeemable Non-Convertible PFC Bonds-III Series issued by Power Finance Corporation Limited as eligible under the Wealth-tax Act; entitlement to the benefit on transfer by endorsement or delivery is conditional on the transferee informing the Corporation by registered post within sixty days of such 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.
Tax-free bond specification: transfer benefit conditional on transferee notifying issuer by registered post within sixty days.
The Central Government specifies the 10-year 9% (tax-free) Secured Redeemable Non-Convertible PFC Bonds-III Series issued by Power Finance Corporation Limited as eligible under the Wealth-tax Act; entitlement to the benefit on transfer by endorsement or delivery is conditional on the transferee informing the Corporation by registered post within sixty days of such transfer.
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