Specified long-term securities under section 54EA: equity reinvestment allowed with three-year clawback triggering capital gains tax. Central Board of Direct Taxes specifies equity shares of M/s Koshika Holdings Ltd. as long-term specified securities under section 54EA where shares issued within one year and up to the notified aggregate amount qualify provided the investment is made out of net consideration from transfer of a long-term capital asset, and a three-year clawback renders the initial investment chargeable to tax as 'Capital Gains' if converted into money within three years of allotment.