Central Board of Direct Taxes specifies the following bonds as specified securities u/s 54EB - S.O. 100(E) - Income Tax

Central Board of Direct Taxes specifies the following bonds as specified securities u/s 54EB NOTIFICATION NO. S.O. 100 ( E ) DATED 4-2-1998 In exercise of the powers conferred by sub-section (1) of section 54EB of Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following bonds as specified securities for the purpose of the said section, namely:--- "bonds to be issued by the Alpic Finance Limited, a public company registered under the Indian Companies Act, 1956, and having its registered office at 6th Floor, New Excelsior Building, Wallace Street, Fort, Mumbai-400 001, of an amount not exceeding Rs. 37.50 crores, which are not transferable before 7 years from the date of its allotment: Provided that bonds are issued and allotted to the assessee within one year from the date of the issue of this notification." [Notification No. 10524/F. No. 178/136/97-ITA-I]