Relief to UTI India Fund Unit Scheme: ITAT grants Exemption u/S 10(23D) of Income Tax Act as Offshore Fund Scheme maintained is approved unit by SEBI [Read Order]
ITAT has granted relief to UTI India Fund Unit Scheme by exempting it under section 10(23D) of the Income Tax Act 1961. This decision stems from the acknowledgment that the offshore fund scheme maintained by UTI India Fund Unit Scheme was an approved unit according to the Securities and Exchange Board of India (SEBI)
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to UTI India Fund Unit Scheme by exempting it under section 10(23D) of the Income Tax Act 1961. This decision stems from the acknowledgment that the offshore fund scheme maintained by UTI India Fund Unit Scheme was an approved unit according to…
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