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Case Law Details

Case Name : ITO Vs Gujarat Information Technology Fund (ITAT Ahemdabad)
Appeal Number : ITA No. 2264/Ahd/2007
Date of Judgement/Order : 27/05/2011
Related Assessment Year : 2004- 05
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ITO Vs Gujarat Information Technology Fund (ITAT Ahemdabad)- Interest income earned on bank deposit is exempt u/s 10(23FB) and there is no decision of SEBI that there is any violation of SEBI (Venture Capital Funds) Regulation 1996 and, therefore, the AO cannot hold that there was such violation. T

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