Charitable donation eligibility expanded to include specified funds and conditional Commissioner approval for limited multi-year recognition. Amendments insert sub-clauses adding the Africa (Public Contributions-India) Fund and the Rajiv Gandhi Foundation to the list of eligible funds, and introduce a Commissioner approval mechanism requiring that institutions or funds receiving donations after the specified cutoff be approved under rules, with any approval effective for up to three assessment years.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Charitable donation eligibility expanded to include specified funds and conditional Commissioner approval for limited multi-year recognition.
Amendments insert sub-clauses adding the Africa (Public Contributions-India) Fund and the Rajiv Gandhi Foundation to the list of eligible funds, and introduce a Commissioner approval mechanism requiring that institutions or funds receiving donations after the specified cutoff be approved under rules, with any approval effective for up to three assessment years.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
