Income from Venture Capital Fund is Taxable as Short-Term Capital Gain u/s 115U; Loss Claim Allowed.

Nature of income which is received by the VCC or VCF from the Venture Capital undertaking - The income received by the assessee from IVF is taxable in the manner as prescribed u/s 115U – Since the Assessing Officer has assessed the income as short term capital gain; therefore, the claim of the assessee as short term capital loss has to be allowed - AT .....

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