https://www.taxtmi.com/notifications?id=13318 The Central Board of Direct Taxes specifies fully convertible debentures and bonds to be issued by M/s Koshika Telecom Limited as eligible instruments for reinvestment relief where an assessee invests capital gain arising from transfer of a long term capital asset; issuance is authorised within one year and subject to stated aggregate limits. If the assessee converts or transfers the specified securities or the shares acquired on conversion within seven years of allotment, the initial investment is chargeable to tax as capital gain under the recapture provision. en-us Fri, 20 Aug 1999 00:00:00 +0530 Tue, 16 Sep 2008 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=13318 The Central Board of Direct Taxes specifies fully convertible debentures and bonds to be issued by M/s Koshika Telecom Limited as eligible instruments for reinvestment relief where an assessee invests capital gain arising from transfer of a long term capital asset; issuance is authorised within one year and subject to stated aggregate limits. If the assessee converts or transfers the specified securities or the shares acquired on conversion within seven years of allotment, the initial investment is chargeable to tax as capital gain under the recapture provision. Notifications Income Tax Fri, 20 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/notifications?id=13318