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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Central Board designates D.C. Power Ltd. shares as long-term specified securities under Section 54EB of Income-tax Act.</h1> The Central Board of Direct Taxes has designated certain equity shares as long-term specified securities under Section 54EB of the Income-tax Act, 1961. These shares, issued by D.C. Power Ltd. within one year from the notification date, are capped at a value of 43.20 crores rupees. Investments must be made from the net consideration of a long-term capital asset transfer. If the investor transfers or converts these shares into money within seven years of allotment, the initial investment will be taxed as capital gains.
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