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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Since the investment of its funds in the equity shares of a ...


Institution Denied Approval u/s 10(23C)(vi) for Investing in Foreign Equity Shares, Violating Tax Provisions.

June 8, 2016

Case Laws     Income Tax     AT

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

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