https://www.taxtmi.com/highlights?id=55544 Disallowance of exemption claimed u/s 10(34) on Dividend income - the conditions laid down u/s 115-O to avail the exemption u/s 10(34), is to be complied with at the level of venture capital undertaking and not at the stage when the investor, the assessee in this case, received the dividend income from VCF. So, the assessee is entitled for exemption u/s 10(34) of the Act and its share of dividend income is out of dividend income received by SARA fund. - AT en-us Wed, 18 Nov 2020 10:44:12 +0530 Wed, 18 Nov 2020 10:44:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55544 Disallowance of exemption claimed u/s 10(34) on Dividend income - the conditions laid down u/s 115-O to avail the exemption u/s 10(34), is to be complied with at the level of venture capital undertaking and not at the stage when the investor, the assessee in this case, received the dividend income from VCF. So, the assessee is entitled for exemption u/s 10(34) of the Act and its share of dividend income is out of dividend income received by SARA fund. - AT Highlights Income Tax Wed, 18 Nov 2020 10:44:12 +0530 https://www.taxtmi.com/highlights?id=55544