https://www.taxtmi.com/notifications?id=12916 The notification permits exemption from capital gains where an assessee reinvests long term capital gains in specified equity and bonds issued by Reliance Power Ltd. within one year of the notification, provided the investment is made out of income chargeable as long term capital gains; if the allotted securities are transferred within three years of allotment, the initial investment is chargeable to tax under the statutory recapture provisions. en-us Wed, 27 May 1998 00:00:00 +0530 Mon, 15 Sep 2008 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=12916 The notification permits exemption from capital gains where an assessee reinvests long term capital gains in specified equity and bonds issued by Reliance Power Ltd. within one year of the notification, provided the investment is made out of income chargeable as long term capital gains; if the allotted securities are transferred within three years of allotment, the initial investment is chargeable to tax under the statutory recapture provisions. Notifications Income Tax Wed, 27 May 1998 00:00:00 +0530 https://www.taxtmi.com/notifications?id=12916