Long-term specified securities under section 54EB: reinvestment from capital gains requires holding for a seven-year period to avoid capital gains tax. Specification under section 54EB designates equity shares of Information Technology Park Ltd as long-term specified securities, subject to issuance within one year and a capped aggregate issue amount; investment must be made out of net consideration from transfer of a long-term capital asset. If the assessee transfers or realizes the allotted specified shares within seven years of allotment, the initial investment shall be chargeable to tax as Capital gains in accordance with the section.