Central Board of Direct Taxes specifies the various assets, referred to as the long-term specified assets u/s 54EA(1) - S.O.252(E) - Income Tax

Central Board of Direct Taxes specifies the various assets, referred to as the long-term specified assets u/s 54EA(1) NOTIFICATION NO. S.O.252 ( E ) DATED 27-3-1997 In exercise of the powers conferred by sub-section (1) of section 54EB of the Income-tax Act 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following assets, referred to as the long-term specified assets, for the purposes of the said section, namely:--- 1. All bonds, redeemable after a period of seven years of the Madhya Pradesh Electricity Board (MPEB), Jabalpur; 2. Equity shares amounting to Rs. 72 crores issued by DMCC Oil Terminals (Navlakhi) Ltd., Mumbai, held for a period of at least seven years. 3. In the notification Number S. O. 163(E), dated 4-3-1997, for the words "The Dharamsi Morarji Chemical Company Oil Terminals (Navlakhi) Ltd., Mumbai read "DMCC Oil Terminals (Navlakhi) Ltd., Mumbai." [No. 10314/F. No. 142/58/96-TPL]