https://www.taxtmi.com/caselaws?id=180543 The court dismissed the petitioner's challenge against the Chief Commissioner of Income-tax's denial of exemption u/s 10(23C)(vi) for the assessment years 2003-04 and 2004-05. The court held that the petitioner's investment in Shriram Chits Pvt. Ltd. violated the conditions for exemption, as it did not comply with section 11(5) of the IT Act. Consequently, the petitioner was found ineligible for the claimed exemption, and the writ petition was dismissed without costs. en-us Fri, 13 Feb 2009 00:00:00 +0530 Tue, 29 Mar 2016 13:14:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180543 The court dismissed the petitioner's challenge against the Chief Commissioner of Income-tax's denial of exemption u/s 10(23C)(vi) for the assessment years 2003-04 and 2004-05. The court held that the petitioner's investment in Shriram Chits Pvt. Ltd. violated the conditions for exemption, as it did not comply with section 11(5) of the IT Act. Consequently, the petitioner was found ineligible for the claimed exemption, and the writ petition was dismissed without costs. Case-Laws Income Tax Fri, 13 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180543