https://www.taxtmi.com/highlights?id=59454 Whether income of VCF shall be exempt only to the extent it is from the investment in venture capital undertaking ? - Exemption under section 10(23FB) and exemption under section 10(25) of the Act operates in different fields. CIT(A) is correct in holding that operations of these sections are independent. Assessee’s income in VCU is exempt under section 10(23FB) of the Act and the dividend income is exempt under section 10(35) of the Act. - AT en-us Tue, 31 Aug 2021 09:18:37 +0530 Tue, 31 Aug 2021 09:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59454 Whether income of VCF shall be exempt only to the extent it is from the investment in venture capital undertaking ? - Exemption under section 10(23FB) and exemption under section 10(25) of the Act operates in different fields. CIT(A) is correct in holding that operations of these sections are independent. Assessee’s income in VCU is exempt under section 10(23FB) of the Act and the dividend income is exempt under section 10(35) of the Act. - AT Highlights Income Tax Tue, 31 Aug 2021 09:18:37 +0530 https://www.taxtmi.com/highlights?id=59454