Central Board of Direct Taxes specifies the following shares and debentures u/s 54EA - S.O. 10(E) - Income Tax

Central Board of Direct Taxes specifies the following shares and debentures u/s 54EA NOTIFICATION NO. S.O. 10 ( E ) DATED 5-1-1998 In exercise of the powers conferred by sub-section (1) of section 54EA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following shares and debentures as specified securities for the purpose of the said section, namely:--- ( i ) shares to be issued within a period of one year from the date of publication of this notification by the Ushdev International Ltd., Mumbai, not exceeding Rs. 2 crores transferable after three years; ( ii ) debentures to be issued within a period of one year from the date of publication of this notification by the Ushdev International Ltd., Mumbai, not exceeding Rs. 10.04 crores transferable or convertible after three years; [Notification No. 10499/F. No. 178/48/97-ITA-I]