Corpus threshold for eligible investment funds: exemption for funds wound up in previous year, applied retrospectively. A proviso is inserted to clause (j) of sub section (3) of section 9A providing that the corpus threshold requirement for eligible investment funds shall not apply to a fund which has been wound up in the previous year; this insertion is effective retrospectively from 1 April 2016 and applies to the relevant assessment years.
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Provisions expressly mentioned in the judgment/order text.
Corpus threshold for eligible investment funds: exemption for funds wound up in previous year, applied retrospectively.
A proviso is inserted to clause (j) of sub section (3) of section 9A providing that the corpus threshold requirement for eligible investment funds shall not apply to a fund which has been wound up in the previous year; this insertion is effective retrospectively from 1 April 2016 and applies to the relevant assessment years.
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