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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..... NO. 11313 DATED 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 perio .....

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..... ce shares and bonds and debentures 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 speci .....

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