Exemption from capital gains: specified reinvestment in issued equity or debentures permits rollover relief, with three-year recapture. Notification specifies that Reliance Telecom Ltd may issue equity and debentures within one year, and that investment of long-term capital gains in those specified instruments qualifies for exemption under section 54EA; if the allotted instruments are transferred within three years, the initial investment is chargeable to tax as capital gains under sub-section (2) of section 54EA.
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: specified reinvestment in issued equity or debentures permits rollover relief, with three-year recapture.
Notification specifies that Reliance Telecom Ltd may issue equity and debentures within one year, and that investment of long-term capital gains in those specified instruments qualifies for exemption under section 54EA; if the allotted instruments are transferred within three years, the initial investment is chargeable to tax as capital gains under sub-section (2) of section 54EA.
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