https://www.taxtmi.com/caselaws?id=411627 The ITAT upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The CIT(A)'s order allowing exemptions under sections 10(23FB) and 10(35) for the trust, registered as a Venture Capital Fund, was upheld. The deletion of addition and exemption of income from investments in Venture Capital Undertakings and mutual funds were deemed valid, with the ITAT finding no merit in the Revenue's arguments. en-us Fri, 13 Aug 2021 00:00:00 +0530 Mon, 30 Aug 2021 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411627 The ITAT upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The CIT(A)'s order allowing exemptions under sections 10(23FB) and 10(35) for the trust, registered as a Venture Capital Fund, was upheld. The deletion of addition and exemption of income from investments in Venture Capital Undertakings and mutual funds were deemed valid, with the ITAT finding no merit in the Revenue's arguments. Case-Laws Income Tax Fri, 13 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411627