The Central Government hereby specifies tax free Bonds for Series I-A, Series-I-B ,Series II-A, Series-II-B of rupees ten thousand each issued by Sardar Sarovar Narmada Nigam Limited carrying an interest of 9.20%, 9.50%, 9.20% and 9.50% per annum for a period of 5, 7, 5 and 7 year u/s 10(15) - 242/2002 - Income Tax Act, 1961
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Tax-free bonds specified for Sardar Sarovar Narmada Nigam Limited; tax exemption conditioned on holder registration. The Central Government specifies tax free bonds issued by Sardar Sarovar Narmada Nigam Limited, identifying four series with designated denominations, interest rates and tenures, allocating the aggregate issue among Series I A, I B, II A and II B with distinctive numbers. The tax exemption is conditional on the bondholder registering his or her name and holding with the issuing corporation.
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Provisions expressly mentioned in the judgment/order text.
Tax-free bonds specified for Sardar Sarovar Narmada Nigam Limited; tax exemption conditioned on holder registration.
The Central Government specifies tax free bonds issued by Sardar Sarovar Narmada Nigam Limited, identifying four series with designated denominations, interest rates and tenures, allocating the aggregate issue among Series I A, I B, II A and II B with distinctive numbers. The tax exemption is conditional on the bondholder registering his or her name and holding with the issuing corporation.
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