Amends notification S.O. 333 (E), dated the 8th March, 2007 - Central Government specifies Municipal Corporation to issue Tax free Municipal bonds for the financial year 2006-07 - 61/2008 - Income Tax Act, 1961
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Tax-free municipal bonds issuance window extended, allowing municipal corporations additional time to issue bonds under the specified exemption. The Central Government amends the earlier notification so that the phrase 'within six months time from the date of publication of the notification' is replaced by 'from the date of publication of notification upto 30th September, 2008,' thereby extending and clarifying the timeframe during which eligible Municipal Corporations may issue tax-free municipal bonds for the specified financial year.
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 municipal bonds issuance window extended, allowing municipal corporations additional time to issue bonds under the specified exemption.
The Central Government amends the earlier notification so that the phrase "within six months time from the date of publication of the notification" is replaced by "from the date of publication of notification upto 30th September, 2008," thereby extending and clarifying the timeframe during which eligible Municipal Corporations may issue tax-free municipal bonds for the specified financial year.
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