Central Government specifies 10.5 per cent. tax-free Konkan Railway Bonds u/s 10(15)(iv)(h) - S.O.97(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.97 ( 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 of the fourth series bearing distinctive numbers : 4A -- 1 to 1,20,000 ; 4B -- 1 to 6,30,000 ; and 4C -- 1 to 7,50,000 ; for an amount of rupees one hundred fifty crores 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. 9965/F. No. 178/77/95-ITA-I]