Tax Free Bonds specified for National Textile Corporation; tax exemption applies to remaining bonds subject to holder registration. Tax Free Bonds of National Textile Corporation Limited bearing distinctive numbers 24001 to 24869, of rupee one lakh each and carrying 9.50% interest per annum for five years, are specified as qualifying for the income tax exemption; the exemption is admissible only if the holder registers their name and holding with the Corporation.
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Provisions expressly mentioned in the judgment/order text.
Tax Free Bonds specified for National Textile Corporation; tax exemption applies to remaining bonds subject to holder registration.
Tax Free Bonds of National Textile Corporation Limited bearing distinctive numbers 24001 to 24869, of rupee one lakh each and carrying 9.50% interest per annum for five years, are specified as qualifying for the income tax exemption; the exemption is admissible only if the holder registers their name and holding with the Corporation.
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