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Specified assets under Section 54EA: certain long term bonds and DMCC equity qualify for the section's reinvestment mechanism. Under section 54EA(1) the Central Board of Direct Taxes designates bonds redeemable after three years of Weizmann Limited, CRB Corporation Limited and Madhya Pradesh Electricity Board, and equity shares of DMCC Oil Terminals (Navlakhi) Limited held for at least three years as specified assets; it also amends a prior notification to replace the company name with DMCC Oil Terminals (Navlakhi) Ltd., Mumbai.
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.
Specified assets under Section 54EA: certain long term bonds and DMCC equity qualify for the section's reinvestment mechanism.
Under section 54EA(1) the Central Board of Direct Taxes designates bonds redeemable after three years of Weizmann Limited, CRB Corporation Limited and Madhya Pradesh Electricity Board, and equity shares of DMCC Oil Terminals (Navlakhi) Limited held for at least three years as specified assets; it also amends a prior notification to replace the company name with DMCC Oil Terminals (Navlakhi) Ltd., Mumbai.
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