https://www.taxtmi.com/caselaws?id=396852 The appeals were filed against assessment orders for the years 2008-09 and 2010-11 regarding exemption under Section 10(34) of the Act and taxation of income from a Venture Capital Fund (VCF). The Tribunal ruled in favor of the assessee, allowing the exemption at the VCF level, permitting deduction of VCF expenses, and assessing VCF income in the hands of the assessee after deducting the capital component. The Tribunal upheld previous decisions, directing the Assessing Officer to consider interest under Section 234B and allowed the appeals in favor of the assessee. en-us Thu, 16 Jul 2020 00:00:00 +0530 Wed, 22 Jul 2020 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396852 The appeals were filed against assessment orders for the years 2008-09 and 2010-11 regarding exemption under Section 10(34) of the Act and taxation of income from a Venture Capital Fund (VCF). The Tribunal ruled in favor of the assessee, allowing the exemption at the VCF level, permitting deduction of VCF expenses, and assessing VCF income in the hands of the assessee after deducting the capital component. The Tribunal upheld previous decisions, directing the Assessing Officer to consider interest under Section 234B and allowed the appeals in favor of the assessee. Case-Laws Income Tax Thu, 16 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396852