Disallowance of exemption claimed u/s 10(34) on Dividend income ...

Case Laws Income Tax

November 18, 2020

Disallowance of exemption claimed u/s 10(34) on Dividend income - the conditions laid down u/s 115-O to avail the exemption u/s 10(34), is to be complied with at the level of venture capital undertaking and not at the stage when the investor, the assessee in this case, received the dividend income from VCF. So, the assessee is entitled for exemption u/s 10(34) of the Act and its share of dividend income is out of dividend income received by SARA fund. - AT

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Disallowance of exemption claimed u/s 10(34) on Dividend income ...

Case Laws Income Tax

November 18, 2020

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