Capital gain on transfer of certain listed securities or unit not to be charged in certain cases

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....rm capital asset, being listed securities or unit (the capital asset so transferred being hereafter in this section referred to as the original asset), and the assessee has, within a period of six months after the date of such transfer, invested the whole or any part of the capital gain in acquiring equity shares forming part of an eligible issue of capital (such equity shares being hereafter in t....

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....e of capital" means an issue of equity shares which satisfies the following conditions, namely:- (a) the issue is made by a public company formed and registered in India; (b) the shares forming part of the issue are offered for subscription to the public; (ii) "listed securities" shall have the same meaning as in clause (a) of the Explanation to sub-section (1) of section 112; (iii) "unit"....

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....ction (1),- (a) 4[****] (b) a deduction from the income with reference to such cost shall not be allowed under section 80C for any assessment year beginning on or after the 1st day of April, 2006.]]     ****************** NOTES:- 1.  Inserted vide Section 32 of the Finance Act, 2001 w.e.f. 01-04-2002 2.  Inserted vide Section 14 of the Finance Act, 2006&nb....