Exemption from capital gains : Long-term capital assets for reinvestment specified u/s 54EA

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....section (1) of section 54EA of the Income-tax Act, 1961, and in partial modification of Notification No. 11151, dated 30th November, 1999 [published at (1999) 157 CTR (St) 131], the Central Board of Direct Taxes hereby specifies the following equity and preference shares and debentures as long-term specified securities for the purposes of the said section, namely : (a) equity shares to be issue....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e, Ellis Bridge, Ahmedabad and; (c) debentures to be issued within a period of one year from the date of publication of the Notification No. 11151, dated 30th November, 1999 in the Official Gazette, of an amount not exceeding rupees 762.2 crores by M/s Reliance Telecom Ltd. a public company registered under the Indian Companies Act, 1956 and having its registered office at Avdesh House 3rd Floo....