Central Government specifies the Nuclear Power Corporation of India Limited Tax-free (Series-XIV Secured Redeemable, Non-cumulative Tax-free Bonds u/s 10(15)(iv)(h) - S.O.425(E) - Income Tax

Central Government specifies the Nuclear Power Corporation of India Limited Tax-free (Series-XIV Secured Redeemable, Non-cumulative Tax-free Bonds u/s 10(15)(iv)(h) NOTIFICATION NO. S.O.425(E) DATED 11-5-2001 Notification No. S.O. 425(E), dated 11th May, 2001. 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 the Nuclear Power Corporation of India Limited Tax-free (Series-XIV Secured Redeemable, Non-cumulative Tax-free Bonds Redeemable after 15 years with a put-call option at the end of 7th, 10th, 11th, 12th, 13th and 14th year carrying an interest of 9% per annum payable on 1st October each year of rupees one lakh each for an amount of rupees one hundred crores bearing distinctive numbers from P11T1500001 to P11T1510000 issued by the Nuclear Power Corporation of India Limited, during the financial year 1999-2000 for the purpose of the said item: Provided that the benefit under the said item shall be admissible only if the bolder of such bonds registers his or her name and the holding with the said agency. [Notification No. 124-2001-F.No. 178-58-2000-ITA-I]