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

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..... D 30-3-2000 In exercise of the powers conferred by sub-section (1) of section 54EB of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby specifies the following equity and preference shares and bonds 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 of one year from the date .....

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..... es specified in this notification is made by an assessee out of net consideration arising 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 preference shares and bonds and debentures specified in this notification, allott .....

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