https://www.taxtmi.com/caselaws?id=443539 The Gujarat High Court, comprising Honourable Mr. Justice Biren Vaishnav and Honourable Mr. Justice Bhargav D. Karia, upheld the Tribunal's decision in a tax appeal for the assessment year 2014-15. The appellant's challenge against the addition made by the Assessing Officer on account of disallowance of exemption under section 10(38) of the IT Act was dismissed. The Court affirmed the Tribunal's findings that the assessment order was based on an interim SEBI report, and the final report exonerated the entities involved, including the appellant, from any wrongdoing. Consequently, the appeal was rejected as no substantial question of law arose. en-us Mon, 28 Aug 2023 00:00:00 +0530 Tue, 26 Sep 2023 08:18:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443539 The Gujarat High Court, comprising Honourable Mr. Justice Biren Vaishnav and Honourable Mr. Justice Bhargav D. Karia, upheld the Tribunal's decision in a tax appeal for the assessment year 2014-15. The appellant's challenge against the addition made by the Assessing Officer on account of disallowance of exemption under section 10(38) of the IT Act was dismissed. The Court affirmed the Tribunal's findings that the assessment order was based on an interim SEBI report, and the final report exonerated the entities involved, including the appellant, from any wrongdoing. Consequently, the appeal was rejected as no substantial question of law arose. Case-Laws Income Tax Mon, 28 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443539