Interest on REC 54EC bonds taxable or not?

Its taxable u/h. IFOS....

1. There is no express provision which specifies that interest received from REC bonds are exempt. To the contrary there also no TDS provision which requires deduction of tax when interest is paid. 
2. This makes it taxable under Income from other sources and there cannot be any deductions attached to the above income. 
3. Maturity amount will not be liable to tax. 
Please correct me if the above solution has an alternative view.