https://www.taxtmi.com/caselaws?id=206507 The Tribunal upheld the reopening of the assessment but ruled in favor of the assessee on the merits. It directed the Assessing Officer to allow the exemption under section 10(23G) for investments in bonds, considering them as long-term finance meeting pre-1998 amendment conditions. The appeal was partly allowed, with the Tribunal supporting the assessee's position on the disallowance of the claim under section 10(23G) and the classification of investments in bonds. en-us Tue, 30 Nov 2010 00:00:00 +0530 Fri, 22 Jul 2011 18:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206507 The Tribunal upheld the reopening of the assessment but ruled in favor of the assessee on the merits. It directed the Assessing Officer to allow the exemption under section 10(23G) for investments in bonds, considering them as long-term finance meeting pre-1998 amendment conditions. The appeal was partly allowed, with the Tribunal supporting the assessee's position on the disallowance of the claim under section 10(23G) and the classification of investments in bonds. Case-Laws Income Tax Tue, 30 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206507