21. Consider the following statements : Statement-I : Interest income from the deposits in Infrastructure Investment Trusts (InviTs) distributed to their investors is exempted from tax, but the dividend is taxable. Statement-II : InviTs are recognized as borrowers under the 'Securitization and Recon­ struction of Financial Assets and· Enforcement of Security Interest Act, 2002'. Which one of the following is correct in respect of the above statements?

Click on the right option
a) Both Statement-I and Statement-II are correct and Statement II is the correct explanation for Statement I
b) Both Statement-I and Statement-II are correct and Statement II is not the correct explanation for Statement I
c) Statement-I is correct but Statement-II is incorrect
d) Statement-I is incorrect but Statement-II is correct ✅