The Central Government specified the 7.85 per cent NHB-Priority Sector Bonds 2001-02 (tax free) only bearing distinctive numbers from E/00001 to E/07500, issued during 2001-2002 by the National Housing Bank u/s 10(15) - 241/2002 - Income Tax

The Central Government specified the 7.85 per cent NHB-Priority Sector Bonds 2001-02 (tax free) only bearing distinctive numbers from E/00001 to E/07500, issued during 2001-2002 by the National Housing Bank u/s 10(15) Notification No. 241 of 2002, dt. 9th Sept., 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 the 7.85 per cent NHB-Priority Sector Bonds 2001-02 (tax free) of rupees one lakh each carrying an interest of 7.85 per cent per annum for a period of seven years for an amount of rupees seventy five crores only bearing distinctive numbers from E/00001 to E/07500, issued during 2001-2002 by the National Housing Bank, for the purpose of the said section: Provided that the benefit under the said section shall be admissible only if the holder of such bonds registers his or her name and the holding with the said bank. [F.No. 178/22/2002-ITA-I]