SCL TRADELINK AND SERVICES LIMITED,CHENNAI vs. ADIT,CPC, BENGALURU
In the result, appeal filed by the assessee is allowed
ITA 317/CHNY/2022[2018-19]Status: DisposedITAT Chennai30 Aug 2023AY 2018-19
Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 317/Chny/2022 िनधा"रण वष" / Assessment Year: 2018-19 Scl Tradelink & Services Acit, Limited, V. Corporate Circle -6(1), No. 9, Cathedral Road, Chennai. Chennai – 600 086. [Pan: Aakcs-5424-R] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. R. Vijayaraghavan, Advocate : Shri. P. Sajit Kumar, Jcit ""यथ" क" ओर से/Respondent By सुनवाई क" तारीख/Date Of Hearing : 17.08.2023 घोषणा क" तारीख/Date Of Pronouncement : 30.08.2023
For Appellant: Shri. R. Vijayaraghavan, Advocate
Section 10(38)Section 115USection 143(1)
16A in deducting applicable TDS as per the provisions of law. From the details, it is very clear that income distributed by venture capital fund to unit holders is assessable
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ITA. No: 317/Chny/2022
in the hands of unit holders as per the provisions of Income
Tax Act, 1961. In the present case, the assessee received long-term capital gains
