https://www.taxtmi.com/notifications?id=12983 Central Board of Direct Taxes specifies issuance of specified equity shares by a public company to qualify as eligible investment for relief from tax on long term capital gain, authorising issue within one year subject to a stated monetary ceiling, provided the investment is made out of income chargeable under the head Capital gain from transfer of a long term capital asset; if the assessee transfers the allotted shares within three years, the initial investment shall be chargeable to tax under the head Capital gain in accordance with the statutory provision on re transfer. en-us Mon, 07 Sep 1998 00:00:00 +0530 Mon, 15 Sep 2008 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=12983 Central Board of Direct Taxes specifies issuance of specified equity shares by a public company to qualify as eligible investment for relief from tax on long term capital gain, authorising issue within one year subject to a stated monetary ceiling, provided the investment is made out of income chargeable under the head Capital gain from transfer of a long term capital asset; if the assessee transfers the allotted shares within three years, the initial investment shall be chargeable to tax under the head Capital gain in accordance with the statutory provision on re transfer. Notifications Income Tax Mon, 07 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/notifications?id=12983