Capital gain reinvestment in specified bonds under section 54EA with conditional taxation on early transfer. The notification specifies that M/s. Weizmann Limited may issue bonds for investment by assessees reinvesting proceeds arising from long term capital asset transfers; such investments must be out of income chargeable as capital gain. If the allottee transfers the bonds within three years of allotment, the initial investment shall be chargeable to tax under the head 'Capital gain' in accordance with the statutory recapture provision.
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.
Capital gain reinvestment in specified bonds under section 54EA with conditional taxation on early transfer.
The notification specifies that M/s. Weizmann Limited may issue bonds for investment by assessees reinvesting proceeds arising from long term capital asset transfers; such investments must be out of income chargeable as capital gain. If the allottee transfers the bonds within three years of allotment, the initial investment shall be chargeable to tax under the head "Capital gain" in accordance with the statutory recapture provision.
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