Tax-free bond specification: transfer benefit conditioned on transferee giving registered notice within the prescribed period. The Central Government specified 10-year 9% tax-free secured redeemable non-convertible bonds (D-Series) issued by the National Hydroelectric Power Corporation Limited as eligible under clause (xvie) of sub-section (1) of section 5 of the Wealth-tax Act, 1957. The tax benefit on transfer by endorsement or delivery is payable only if the transferee informs the issuing 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 conditioned on transferee giving registered notice within the prescribed period.
The Central Government specified 10-year 9% tax-free secured redeemable non-convertible bonds (D-Series) issued by the National Hydroelectric Power Corporation Limited as eligible under clause (xvie) of sub-section (1) of section 5 of the Wealth-tax Act, 1957. The tax benefit on transfer by endorsement or delivery is payable only if the transferee informs the issuing Corporation by registered post within sixty days of such transfer.
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