Notification: S.O.252(E)
Section(s) Referred: 54EB ,54EB(1)
Statute: INCOME TAX
Date of Issue: 27/3/1997
In exercise of the powers conferred by sub-section (1) of section 54EB of the Income-tax Act 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following assets, referred to as the long-term specified assets, for the purposes of the said section, namely:—
1. All bonds, redeemable after a period of seven years of the Madhya Pradesh Electricity Board (MPEB), Jabalpur;
2. Equity shares amounting to Rs. 72 crores issued by DMCC Oil Terminals (Navlakhi) Ltd., Mumbai, held for a period of at least seven years.
3. In the notification Number S. O. 163(E), dated 4-3-1997, for the words “The Dharamsi Morarji Chemical Company Oil Terminals (Navlakhi) Ltd., Mumbai read “DMCC Oil Terminals (Navlakhi) Ltd., Mumbai.”
[No. 10314/F. No. 142/58/96-TPL
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