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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Revision u/s 263 - Exemption u/s 10(23FB) - income earned out of ...

Case Laws     Income Tax

August 20, 2018

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.

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