https://www.taxtmi.com/caselaws?id=348050 The Tribunal allowed the appeals for Assessment Years 2010-11 and 2011-12, concluding that the denial of exemption under Sections 11 and 12 to the corporate entity was unjustified. The investments and subsidiary creation complied with SEBI guidelines and Income Tax Rules, supported by the rule of consistency. Allegations of violations under various sections were dismissed, emphasizing that the investments were made appropriately. The Tribunal upheld that the revenue's objections lacked merit, leading to the favorable outcome for the assessee. en-us Fri, 28 Jul 2017 00:00:00 +0530 Fri, 15 Sep 2017 09:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348050 The Tribunal allowed the appeals for Assessment Years 2010-11 and 2011-12, concluding that the denial of exemption under Sections 11 and 12 to the corporate entity was unjustified. The investments and subsidiary creation complied with SEBI guidelines and Income Tax Rules, supported by the rule of consistency. Allegations of violations under various sections were dismissed, emphasizing that the investments were made appropriately. The Tribunal upheld that the revenue's objections lacked merit, leading to the favorable outcome for the assessee. Case-Laws Income Tax Fri, 28 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348050