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    <title>Central Board of Direct Taxes specified bonds by M/s. Weizmann Limited, a public company u/s 54EA</title>
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    <description>The notification specifies that M/s. Weizmann Limited may issue bonds for investment by assessees reinvesting proceeds arising from long term capital asset transfers; such investments must be out of income chargeable as capital gain. If the allottee transfers the bonds within three years of allotment, the initial investment shall be chargeable to tax under the head &quot;Capital gain&quot; in accordance with the statutory recapture provision.</description>
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      <description>The notification specifies that M/s. Weizmann Limited may issue bonds for investment by assessees reinvesting proceeds arising from long term capital asset transfers; such investments must be out of income chargeable as capital gain. If the allottee transfers the bonds within three years of allotment, the initial investment shall be chargeable to tax under the head &quot;Capital gain&quot; in accordance with the statutory recapture provision.</description>
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      <pubDate>Thu, 17 Sep 1998 00:00:00 +0530</pubDate>
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