Specified securities under section 54EA: shares granted specified status with an issuance window and three-year transfer restriction. The Central Board of Direct Taxes notifies that shares to be issued by Energy Development Co. Ltd., a public company, are specified securities for the purpose of section 54EA, provided they are allotted within one year from publication, the aggregate issue does not exceed the stated monetary ceiling, and the shares are not transferable before three years after allotment.
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 54EA: shares granted specified status with an issuance window and three-year transfer restriction.
The Central Board of Direct Taxes notifies that shares to be issued by Energy Development Co. Ltd., a public company, are specified securities for the purpose of section 54EA, provided they are allotted within one year from publication, the aggregate issue does not exceed the stated monetary ceiling, and the shares are not transferable before three years after allotment.
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