https://www.taxtmi.com/highlights?id=29962 The assessee invested its funds in the equity shares of a company incorporated outside India. The third proviso to Section 10(23C) clearly says that the assessee cannot invest in the equity shares of any company and the investment has to be made only as per the mode prescribed under Section 11(5) - Approval u/s 10(23C)(vi) not granted - AT en-us Mon, 27 Jun 2016 07:22:40 +0530 Mon, 27 Jun 2016 07:22:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=29962 The assessee invested its funds in the equity shares of a company incorporated outside India. The third proviso to Section 10(23C) clearly says that the assessee cannot invest in the equity shares of any company and the investment has to be made only as per the mode prescribed under Section 11(5) - Approval u/s 10(23C)(vi) not granted - AT Highlights Income Tax Mon, 27 Jun 2016 07:22:40 +0530 https://www.taxtmi.com/highlights?id=29962