Specified certificates designation: seven-year National Savings Certificates recognised as covered under tax-exemption specification. Central Government designates certain savings instruments as specified Certificates for the purposes of section 10(15) by Notification S.O.2880 dated 1-9-1970, expressly identifying 7-Year National Savings Certificates of the II and III issues, including their Bank Series variants, as the instruments covered by the statutory specification.
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.
Specified certificates designation: seven-year National Savings Certificates recognised as covered under tax-exemption specification.
Central Government designates certain savings instruments as specified Certificates for the purposes of section 10(15) by Notification S.O.2880 dated 1-9-1970, expressly identifying 7-Year National Savings Certificates of the II and III issues, including their Bank Series variants, as the instruments covered by the statutory specification.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
