Specified securities under section 54EB designate Alpic Finance bonds with transfer restrictions affecting investment eligibility under the provision. The Central Board of Direct Taxes designates bonds issued by Alpic Finance Limited as specified securities for the purposes of section 54EB, subject to an aggregate issue cap and the condition that bonds be issued and allotted to the assessee within one year of the notification; such bonds are not transferable for three years from allotment, and those issuance and transfer conditions determine qualification as specified securities under the section.
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 securities under section 54EB designate Alpic Finance bonds with transfer restrictions affecting investment eligibility under the provision.
The Central Board of Direct Taxes designates bonds issued by Alpic Finance Limited as specified securities for the purposes of section 54EB, subject to an aggregate issue cap and the condition that bonds be issued and allotted to the assessee within one year of the notification; such bonds are not transferable for three years from allotment, and those issuance and transfer conditions determine qualification as specified securities under the section.
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