Amendment to notified interest rates creates a tiered interest schedule for specified taxable securities under the notification. The Central Government amends Notification S.O.459(E) by substituting its operative wording to split the previously continuous serial-range description for specified Rs.5000 securities into three distinct serial-number bands, each assigned a different annual interest rate, thereby creating a tiered interest-rate structure across the series.
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Provisions expressly mentioned in the judgment/order text.
Amendment to notified interest rates creates a tiered interest schedule for specified taxable securities under the notification.
The Central Government amends Notification S.O.459(E) by substituting its operative wording to split the previously continuous serial-range description for specified Rs.5000 securities into three distinct serial-number bands, each assigned a different annual interest rate, thereby creating a tiered interest-rate structure across the series.
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