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Case Law Details

Case Name : India Advantage Fund III Vs Commissioner of Central Tax (Karnataka High Court)
Appeal Number : C.E.A No. 20/2021
Date of Judgement/Order : 08/02/2024
Related Assessment Year :
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India Advantage Fund III Vs Commissioner of Central Tax (Karnataka High Court)

Conclusion: Trust and the Investors could not be regarded as two separate entities as the Trust Fund utilized the investments received by it to re-invest the same. Hence, in the absence of contradicting evidence, the Court upheld the Doctrine

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