Tax exemption for SLR power bonds specified under income-tax law, covering bonds issued on or after October. Notification under section 10(15) designates the '8.5% Tax Free SLR Power Bonds' issued by the Reserve Bank of India on behalf of State Governments as qualifying for the income-tax exemption, and specifies operative issuance terms including issuance timing, issuing authority, prescribed interest rate, fixed long-term tenure, and the aggregate number and principal amount of bonds covered.
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 exemption for SLR power bonds specified under income-tax law, covering bonds issued on or after October.
Notification under section 10(15) designates the "8.5% Tax Free SLR Power Bonds" issued by the Reserve Bank of India on behalf of State Governments as qualifying for the income-tax exemption, and specifies operative issuance terms including issuance timing, issuing authority, prescribed interest rate, fixed long-term tenure, and the aggregate number and principal amount of bonds covered.
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