Central Government specifies 10.5 per cent. tax-free Konkan Railway Bonds u/s 10(15)(iv)(h) - S.O.96(E) - Income Tax

Central Government specifies 10.5 per cent. tax-free Konkan Railway Bonds u/s 10(15)(iv)(h) NOTIFICATION NO. S.O.96 ( E ) DATED 5-2-1996 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 10.5 per cent. tax-free Konkan Railway Bonds bearing distinctive numbers : 2D -- 10,16,204 to 13,66,500 ; 3A -- 1 to 27,61,000 ; 3B -- 1 to 7,40,000 ; 3C -- 1 to 6,45,000 ; for an amount of rupees four hundred forty-nine crores, sixty-two lakhs and ninety-seven thousand only issued by the Konkan Railway Corporation Limited for the purpose of the said item : Provided that the benefit under the said item shall be admissible only if the holder of such bonds registers his name and the holding with the said Corporation. [Notification No. 9964/F. No. 178/77/95-ITA-I]