https://www.taxtmi.com/caselaws?id=329268 The Tribunal upheld the rejection of the assessee's application under Section 10(23C)(vi) of the Income-tax Act due to investment in a foreign subsidiary company, which violated the prescribed mode of investment under Section 11(5). The Tribunal emphasized compliance with the specified modes of investment within India, leading to the dismissal of the appeal and confirmation of the rejection. en-us Wed, 01 Jun 2016 00:00:00 +0530 Mon, 27 Jun 2016 07:22:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329268 The Tribunal upheld the rejection of the assessee's application under Section 10(23C)(vi) of the Income-tax Act due to investment in a foreign subsidiary company, which violated the prescribed mode of investment under Section 11(5). The Tribunal emphasized compliance with the specified modes of investment within India, leading to the dismissal of the appeal and confirmation of the rejection. Case-Laws Income Tax Wed, 01 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329268