Central Government has specified tax-free bonds of the North Eastern Electric Power Corporation Limited, 1997-98 (Series-IV) of rupees one lakh each u/s 10 (15)(iv) of the Income-tax Act, 1961 - 089/2002 - Income Tax

Central Government has specified tax-free bonds of the North Eastern Electric Power Corporation Limited, 1997-98 (Series-IV) of rupees one lakh each u/s 10 (15)(iv) of the Income-tax Act, 1961 [Notification No. 89 of 2002, dt. 15th April, 2002 ] 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 tax-free bonds of the North Eastern Electric Power Corporation Limited, 1997-98 (Series-IV) of rupees one lakh each carrying an interest of 9.25% per annum for a period of seven years for an amount of rupees two hundred and fifty crores only bearing distinctive numbers from E-0000001 to E0002050 issued during 1997-98 by the North Eastern Electric Power Corporation for the purpose of the said section: 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 company. [F.No. 178/12/2000-ITA-I] ******** Notes 1. Corrected vide NOTIFICATION No. 171 dated 15-07-2002 before it was read as