T vs. Shriram Growth Fund, Chennai
In the result, the Appeal of the assessee is partly allowed and the Revenue’s appeals dismissed
ITA 1902/CHNY/2016[2009-10]Status: DisposedITAT Chennai07 Jun 2017AY 2009-10
Bench: Shri N.R.S. Ganesan & Shri D.S.Sunder Singh
For Respondent: Mr.Percy J. Pardewalla, Sr
Section 10Section 115Section 161(1)Section 164Section 40A(2)(b)
…invited our attention to the decision of DCIT v. India Advantage Fund, ITAT Bangalore, DCIT v. Emerging Sectors Funds ITAT Bangalore, CIT v. Dr.David Joseph 214 ITR 658 Kerala, CIT v. Smt. Indiramma 25 taxmann.com 259 Karnataka and CIT v. P. Sekhar Trust 321 ITR 304 (Mad). ITA Nos.1345 & 1401/Mds/2016 & ITA Nos.1902, 981 & 982/Mds/2016 :- 15 -: 6.1 Shri Gopala Srinivasan S/o. Late T.A.Srinivasan has created a a contributory trust in the name of TVS Shriram Growth Funds under the provisions of Indian Trust Act, 1882 and registered as Venture Capital Fund (VCF) under the Securities and Exchange Board of Ind…