Specified securities under section 54EA: shares and debentures of Shapoorji Pallonji with three-year transfer restrictions and one-year allotment condition. Central Board of Direct Taxes designates shares and debentures of Shapoorji Pallonji Infrastructure Capital Company Ltd. as specified securities under section 54EA. The securities are subject to three year non transferability (and non convertibility for debentures) from allotment and must be issued and allotted to the assessee within one year of the notification, with specified aggregate issue caps.
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Provisions expressly mentioned in the judgment/order text.
Specified securities under section 54EA: shares and debentures of Shapoorji Pallonji with three-year transfer restrictions and one-year allotment condition.
Central Board of Direct Taxes designates shares and debentures of Shapoorji Pallonji Infrastructure Capital Company Ltd. as specified securities under section 54EA. The securities are subject to three year non transferability (and non convertibility for debentures) from allotment and must be issued and allotted to the assessee within one year of the notification, with specified aggregate issue caps.
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