Assessee Wins: Jurisdiction u/s 263 Overruled, Exemption for Venture Capital Income u/s 10(23FB) Upheld.

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....Revision u/s 263 - Exemption u/s 10(23FB) - income earned out of investments made in Venture Capital Undertakings (VCU) - the assessee is bound to succeed both on the issue of exercise of jurisdiction under section 263 of the Act as well as on the merits of allowability of exemption under section 10(23FB) of the Act.....