https://www.taxtmi.com/caselaws?id=272177 The Tribunal ruled in favor of the assessee on the primary issues, allowing the appeals for statistical purposes. The assessee was entitled to exemption under Section 10(34) for dividend income from a venture capital fund. Expenses were allowed to be deducted, distribution amounts were not treated as income from other sources, and interest calculations were to be adjusted. The matter of double addition of capital gain was remanded for verification, while penalty proceedings were considered premature. The order was pronounced on 29th Jan., 2016. en-us Fri, 29 Jan 2016 00:00:00 +0530 Mon, 29 Feb 2016 01:09:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272177 The Tribunal ruled in favor of the assessee on the primary issues, allowing the appeals for statistical purposes. The assessee was entitled to exemption under Section 10(34) for dividend income from a venture capital fund. Expenses were allowed to be deducted, distribution amounts were not treated as income from other sources, and interest calculations were to be adjusted. The matter of double addition of capital gain was remanded for verification, while penalty proceedings were considered premature. The order was pronounced on 29th Jan., 2016. Case-Laws Income Tax Fri, 29 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272177