Central Government has specified tax-free bonds of the North Eastern Electric Power Corporation Limited u/s 10 (15)(iv) of the Income-tax Act, 1961 - 088/2002 - Income Tax Act, 1961
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Tax-free bonds under Section 10(15)(iv) grant exemption to a specified corporate issue subject to holder registration. Central Government specifies tax-free bonds of North Eastern Electric Power Corporation under Section 10(15)(iv) as the 1995-96 (Series III) issue carrying 10.50% interest per annum for seven years, totaling two crores fifty lakhs with distinctive numbers C-0000001 to C-0025000; exemption is conditional on the holder registering name and holding with the company, and the bond denomination is corrected to rupees one thousand each.
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 bonds under Section 10(15)(iv) grant exemption to a specified corporate issue subject to holder registration.
Central Government specifies tax-free bonds of North Eastern Electric Power Corporation under Section 10(15)(iv) as the 1995-96 (Series III) issue carrying 10.50% interest per annum for seven years, totaling two crores fifty lakhs with distinctive numbers C-0000001 to C-0025000; exemption is conditional on the holder registering name and holding with the company, and the bond denomination is corrected to rupees one thousand each.
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