Central Government specifies the debentures issued by the State Electricity Boards, the Agro Industries Corporations, Housing Boards (for rural housing), Co-operative Processing and Marketing Societies and other approved States sponsored institutions during 1-4-76 to 31-12-76 u/s 80L - S.O.2701 - Income Tax Act, 1961
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Specified debentures under tax provision allowed if issued to individuals, non transferable, unguranteed, interest capped. Specified debentures issued by State Electricity Boards, Agro Industries Corporations, Housing Boards (rural), Co operative Processing and Marketing Societies and other approved state sponsored institutions during 1 4 76 to 31 12 76 qualify under the referenced tax provision provided they are not government guaranteed, are issued only to individuals (including joint holders), are non transferable except among such individuals, and carry interest not exceeding twelve per cent per annum.
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 debentures under tax provision allowed if issued to individuals, non transferable, unguranteed, interest capped.
Specified debentures issued by State Electricity Boards, Agro Industries Corporations, Housing Boards (rural), Co operative Processing and Marketing Societies and other approved state sponsored institutions during 1 4 76 to 31 12 76 qualify under the referenced tax provision provided they are not government guaranteed, are issued only to individuals (including joint holders), are non transferable except among such individuals, and carry interest not exceeding twelve per cent per annum.
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