Central Board of Direct Taxes specifies the following equity and debentures as long-term specified securities u/s 54EA

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..... the powers conferred by sub-section (1) of section 54EA of the Income-tax Act, 1961 the Central Board of Direct Taxes hereby specifies the following equity and debentures as long-term specified securities for the purposes of said section, namely : ( a ) equity to be issued within a period of one year from the date of publication of this notification in the Official Gazette, of an amount not ex .....

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..... from transfer of long-term capital asset in accordance with the provisions of the said section : Provided further that in case the assessee transfers or converts (otherwise than by transfer) into money the aforesaid equity and debentures 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 s .....

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