Notification No. 910 — Following shares and debentures as specified securities specified under section 54EB

What this is

Notification No. 910 was published on 26 December 1997. Its subject is Following shares and debentures as specified securities specified under section 54EB.

This notifies a named person, body, fund or instrument for the purpose of a provision. Nothing in it changes the provision itself.

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.

Under the 1961 Act	Now
s.54EB	no counterpart recorded

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

In exercise of the powers conferred by sub-section (1) of section 54EA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following shares and debentures as specified securities for the purpose of the said section, namely:---

(i) shares to be issued by Shapoorji Pallonji Infrastructure Capital Company Ltd., a public company registered under the Indian Companies Act, 1956, and having its registered office at 70, Nagindas Master Road, Fort, Bombay-400 023, of an amount not exceeding Rs. 150 crores, which are not transferable before three years from the date of its allotment: Provided that shares are issued and allotted to the assessee within one year from the date of the issue of this notification; and

(ii) debentures to be issued by Shapoorji Pallonji Infrastructure Capital Company Ltd., a public company registered under the Indian Companies Act, 1956, and having its registered office at 70, Nagindas Master Road, Fort, Bombay-400 023, of an amount not exceeding Rs. 300 crores, which are not transferable or convertible before three years from the date of its allotment: Provided that debentures are issued and allotted to the assessee within one year from the date of the issue of this notification

[Notification No. 10480/F. No. 178/69/97-ITA-I

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

Notification No. 11315 — Following equity shares as long-term specified securities specified under section 54EB 31 March 2000
S.O. 314(E) — A notification under section 54EB of the Income-tax Act, 1961 30 March 2000
Notification No. 11313 — Following equity and preference shares and bonds and debentures long-term specified securities specified under section 5 30 March 2000
Notification No. 11311 — Following equity shares as long-term specified securities specified under section 54EB 30 March 2000
S.O. 280(E) — Following bonds as long-term specified securities specified under section 54EB 28 March 2000
Notification No. 11290 — Following debentures as long-term specified securities specified under section 54EB 28 March 2000

← Notification No. 914E · Notification No. 909E →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.