Central Board of Direct Taxes specifies equity shares and debentures or bonds to be issued within a period of one year from the date of publication of this notification in the Official Gazette by M/s Bharati Telenet Limited u/s 54EA

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..... ed within a period of one year from the date of publication of this notification in the Official Gazette by M/s Bharati Telenet Limited u/s 54EA NOTIFICATION NO. 11147 DATED 26-11-1999 In exercise of the powers conferred by sub-section (1) of section 54EA (hereinafter referred to the said section) of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies equi .....

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..... the assessee transfers or converts (otherwise than by transfer) the aforesaid equity shares and debentures or bonds, specified in this notification, allotted to him in any manner within a period of three years from the date of their allotment, the initial investment made by such assessee in the aforesaid equity shares and debentures or bonds shall be chargeable to tax under the head "Capital Gain" .....

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