Capital gain reinvestment: specified equity eligible under section 54EB, subject to seven year transfer charge provisions. Tata Teleservices Limited is authorised to issue specified equity shares within one year from notification publication for reinvestment under Section 54EB; investment must be made out of income chargeable as Capital Gain arising from transfer of a long-term capital asset, and if the shares are transferred within seven years from allotment the initial investment will be chargeable to tax as capital gain under the reversal provisions of Section 54EB.