TMI BlogInstitution Denied Approval u/s 10(23C)(vi) for Investing in Foreign Equity Shares, Violating Tax Provisions.Since the investment of its funds in the equity shares of a company incorporated outside India was made in violation of statutory provision, the assessee-institution is not entitled for approval under Section 10(23C)(vi) - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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