Specified securities under section 54EB: notified debentures qualify subject to reinvestment and holding conditions. The Central Board of Direct Taxes designates debentures to be issued by M/s Adani Port Infrastructure Ltd. as long term specified securities under section 54EB, subject to issuance within the notified period and monetary limit. The tax treatment applies only where an assessee invests net consideration from a long term capital asset into these debentures, and if the debentures are transferred or converted into money within seven years of allotment the original investment becomes chargeable to tax as capital gains under the section.