Central Board of Direct Taxes specifies the various equity and preference shares and debentures as long-term specified securities u/s 54EB

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . O. 260(E) DATED 22-3-2000 In exercise of the powers conferred by sub-section (1) of section 54EB of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following shares and debentures as long-term specified securities, for the purposes of the said section, namely:--- ( a ) debentures to be issued by Adani Infrastructure Services Ltd., a publ .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... o him in any manner within a period of seven years from the date of their allotment, the initial investment made by such assessee in such shares and debentures shall be chargeable to tax under the head 'Capital gains" in accordance with the provisions of the said section. [Notification No. 11276/F. No. 178/5/2000-ITA-I] - Notification Tax Management India - taxmanagementindia - taxmanageme .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X