Exemption from capital gains for reinvestment: debentures of Reliance Ports and Terminals qualify as specified long term assets. The notification designates debentures to be issued by Reliance Ports and Terminals Limited as long-term specified assets for the purpose of section 54EB, subject to the debentures being transferable or convertible after seven years and the issuance falling within the aggregate cap specified in the notification, thereby qualifying such investments for the capital gains reinvestment exemption.
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.
Exemption from capital gains for reinvestment: debentures of Reliance Ports and Terminals qualify as specified long term assets.
The notification designates debentures to be issued by Reliance Ports and Terminals Limited as long-term specified assets for the purpose of section 54EB, subject to the debentures being transferable or convertible after seven years and the issuance falling within the aggregate cap specified in the notification, thereby qualifying such investments for the capital gains reinvestment exemption.
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