Section(s) Referred: 10 ,10(15) ,10(15)(iv)
Statute: INCOME TAX
Date of Issue: 23/6/1994
In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 5 years 10.5 per cent. (tax-free) Secured Redeemable Non-Convertible Bonds (II-Series Issue bearing distinctive number B 2360001 to B 2500000 aggregating to an amount of rupees fourteen crores) of Rs. 1000 each, issued by the Power Grid Corporation of India Limited for the purpose of the said item :
Provided that the benefit under the said item shall be admissble only if the holder of such bonds registers his name and his holding with the said Corporation.
[Notification No. 9562/F. No. 178/26/94-ITA-I