https://www.taxtmi.com/caselaws?id=286723 The appeal filed by the assessee was allowed, and the appeal of the revenue was dismissed. The issues regarding the validity of re-opening of assessment, rejection of claim of exemption under section 10(23G) of the Income Tax Act, rejection of claim of deduction of interest on FCNR loans, and deletion of interest charged under section 234D were resolved in favor of the assessee. The Tribunal upheld the claim of exemption under section 10(23G) and dismissed the revenue's grounds, leading to the overall success of the assessee in the case. en-us Wed, 29 Oct 2014 00:00:00 +0530 Fri, 13 Mar 2020 10:14:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286723 The appeal filed by the assessee was allowed, and the appeal of the revenue was dismissed. The issues regarding the validity of re-opening of assessment, rejection of claim of exemption under section 10(23G) of the Income Tax Act, rejection of claim of deduction of interest on FCNR loans, and deletion of interest charged under section 234D were resolved in favor of the assessee. The Tribunal upheld the claim of exemption under section 10(23G) and dismissed the revenue's grounds, leading to the overall success of the assessee in the case. Case-Laws Income Tax Wed, 29 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286723