Held that the assessee is registered Mutual Fund approved by Government and Reserve Bank of India, the observation of the AO that in order to grant exemption under s. 10(23D) has to have a separate registration is uncalled for and the various documents submitted by the assessee proves that the offshore fund scheme maintained by the assessee is an approved unit by the SEBI. Order of CIT(A) allowing the exemption is affirmed. (AY. 2014-15,  2016-17 to 2018-19)