Specifies '15-year 9 per cent. (tax free) SCICI Bonds, (Series 2)' issued by the Shipping Credit and Investment Company of India Limited - 0737(E) - Wealth Tax
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Tax-free bond specification under wealth-tax law, benefit on transfer subject to timely registered notification by transferee. Specification designates 15-year 9 per cent. (tax free) SCICI Bonds, (Series 2) issued by the Shipping Credit and Investment Company of India Limited as qualifying under the Wealth-tax Act; the tax benefit on transfer by endorsement or delivery is conditional on the transferee informing the issuing company by registered post within the prescribed notification period.
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 under wealth-tax law, benefit on transfer subject to timely registered notification by transferee.
Specification designates 15-year 9 per cent. (tax free) SCICI Bonds, (Series 2) issued by the Shipping Credit and Investment Company of India Limited as qualifying under the Wealth-tax Act; the tax benefit on transfer by endorsement or delivery is conditional on the transferee informing the issuing company by registered post within the prescribed notification period.
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