Procedure for obtaining certificate of exemption under clause (xxa) of sub-section (1) in respect of equity shares held in certain companies

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....T], dated 18-11-1971 [Annex] which sets out a procedure whereby the company applies and the Tax Officer issues necessary certificate for purpose of obtaining exemption under section 5(1)(xx). The Board has examined the matter and has decided that the concerned company should apply to the assessing authority in the form as per Annex "X" in case it desires an exemption under section 5(1)(xxa) for issue of equity shares of the nature specified in that clause. The form in which the certificate would be issued by the Income-tax Officer/Wealth-tax Officer to the company is specified as per enclosed Annex "Y". Circular : No. 490 [F. No. 317/1/87-WT], dated 22-6-1987/14-7-1987. Annex - Circular No. 69, dated 18-11-1971 referred to in clarific....

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....he form as per Annexure "A" (not attached). The form in which the certificate would be issued by the Income-tax Officer/Wealth-tax Officer to the company is specified as per enclosed Annexure "B" (not attached). Annex 'X' - Application for issue of certificate for exemption  under section 5(1)(xxa) To The Income-tax-cum-Wealth-tax Officer ............................................................................. ............................................................................. Sir, I submit the following information with the request that the value of equity shares issued by M/s ............................. to the shareholders be declared as being exempt under section 5(1)(xxa) of the Wealth-tax Act,....