Long-term specified asset redefined to include bonds redeemable after three years issued by specified public entities. The substituted clause (b) in section 54EC defines long-term specified asset as any bond redeemable after three years issued on or after specified dates by designated public issuers: bonds from the National Bank for Agriculture and Rural Development or the National Highways Authority of India issued on or after the 1st day of April, 2000, and bonds from the Rural Electrification Corporation Limited issued on or after the 1st day of April, 2001; the amendment is effective from the 1st day of April, 2002.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Long-term specified asset redefined to include bonds redeemable after three years issued by specified public entities.
The substituted clause (b) in section 54EC defines long-term specified asset as any bond redeemable after three years issued on or after specified dates by designated public issuers: bonds from the National Bank for Agriculture and Rural Development or the National Highways Authority of India issued on or after the 1st day of April, 2000, and bonds from the Rural Electrification Corporation Limited issued on or after the 1st day of April, 2001; the amendment is effective from the 1st day of April, 2002.
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