LLP Income from Mutual Funds Exempt from Tax: ITAT Orders Verification

The tribunal remanded the matter to the Jurisdictional Assessing Officer (JAO) for fresh verification of the claim.
By Franklin Joshva - On March 18, 2025 3:48 pm - 2 mins read
ITAT ruling LLP - Mutual fund income tax - Tax on LLP income - Taxscan

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter for verification of the LLP’s mutual fund income exemption from tax claim after considering the documents submitted by the assessee. Light Ray Advisors LLP (assessee) is a limited liability partnership engaged in the business of investment advisory services. The assessee filed an…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader