Notification No. S.O.2820-Income Tax, Dated: 30.06.1987

Notification: S.O.2820

Section(s) Referred: 10 ,10(23C) ,10(23C)(v)

Statute: INCOME TAX

Date of Issue: 30/6/1987

In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies ” 14 per cent. Secured Redeemable NTPC Bonds, 1986-Second Series “, issued by the National Thermal Power Corporation Limited, New Delhi, for the purpose of the said clause :

Provided that the benefit under the said clause shall be admissible in the case of transfer of such bonds, by endorsement or delivery, if the transferee informs the said Corporation by registered post within a period of sixty days of such transfer.

[No. 7388 (F. No. 178/19/87-IT(A1))