Central Board of Direct Taxes specifies the following shares issued by Energy Development Company Limited, Bangalore u/s 54EA - S. O. 584(E) - Income Tax Act, 1961
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Specified securities designation under section 54EA restricts transfer for three years and limits issuance to one year. The Central Board of Direct Taxes designates shares to be issued by Energy Development Company Limited, Bangalore as specified securities under the income-tax provision. The designation applies to shares issued within one year from publication, subject to an aggregate issuance cap stated in the notification, and requires that such 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 designation under section 54EA restricts transfer for three years and limits issuance to one year.
The Central Board of Direct Taxes designates shares to be issued by Energy Development Company Limited, Bangalore as specified securities under the income-tax provision. The designation applies to shares issued within one year from publication, subject to an aggregate issuance cap stated in the notification, and requires that such shares are not transferable before three years after allotment.
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