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Banking companies can claim tax exemption u/s 10(23G) if financing infrastructure is part of their objectives.

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....Exemption u/s 10(23G) - whether Banking company to be considered as Infrastructure capital funds/company - It is not necessary that the ‘infrastructure capital company’ should be formed solely for the purpose of mobilizing resources for financing infrastructure facilities. If it includes one of the objects of the banking business, the same should be sufficient to entitle the assessee to claim exemption of its income u/s 10(23G). - AT....

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Banking companies can claim tax exemption u/s 10(23G) if financing infrastructure is part of their objectives.