https://www.taxtmi.com/caselaws?id=187753 Non-compliance with section 11(5) in relation to the petitioner's investment was the only stated objection to the exemption claim, and the Revenue accepted that the defect could be cured by withdrawal and fresh investment in accordance with the statute. The petitioner was permitted to withdraw the impugned investment, reinvest the funds in compliant form, and file a fresh application treated as a substitute for the earlier one. The impugned order rejecting exemption under section 10 was set aside, with the petitioner's position preserved for the relevant financial years. en-us Thu, 29 Jan 2009 00:00:00 +0530 Fri, 04 Nov 2016 17:10:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187753 Non-compliance with section 11(5) in relation to the petitioner's investment was the only stated objection to the exemption claim, and the Revenue accepted that the defect could be cured by withdrawal and fresh investment in accordance with the statute. The petitioner was permitted to withdraw the impugned investment, reinvest the funds in compliant form, and file a fresh application treated as a substitute for the earlier one. The impugned order rejecting exemption under section 10 was set aside, with the petitioner's position preserved for the relevant financial years. Case-Laws Income Tax Thu, 29 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187753