Central Board of Direct Taxes specifies the various equity and preference shares and bond and debentures long-term specified securities u/s 54EA

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..... . 11312 DATED 30-3-2000 In exercise of 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 preference shares and bond and debentures long-term specified securities for the purposes of the said section, namely : ( i ) equity and preference shares to be issued within a period o .....

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..... apital 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 preference shares and bonds 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 .....

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