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)
6. We have heard both the parties, perused materials available on record and gone through orders of the authorities below. The facts with regard to the investment with AIF by the assessee and sale of said investment by venture capital
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ITA. No: 317/Chny/2022
fund is disputed. It was also not in dispute that AIF has sold shares of capacif
