Specification of the amount to be converted by the Government of Delhi into Long Term advances to securities outstanding State Electricity Board's dues - 281/2004 - Income Tax Act, 1961
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Conversion of State electricity board dues into long term advances secures outstanding liabilities under income tax provision. Central Government, invoking powers under Section 10(15) of the Income Tax Act, specifies a sum to be converted by the Government of Delhi into long term advances to secure outstanding State Electricity Board dues; the conversion is to take the form of Long Term advances to securities carrying interest at 8.5% per annum for a fifteen year 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.
Conversion of State electricity board dues into long term advances secures outstanding liabilities under income tax provision.
Central Government, invoking powers under Section 10(15) of the Income Tax Act, specifies a sum to be converted by the Government of Delhi into long term advances to secure outstanding State Electricity Board dues; the conversion is to take the form of Long Term advances to securities carrying interest at 8.5% per annum for a fifteen year period.
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