Investment compliance for charitable trusts: exemption requires disinvestment from prohibited modes by the extended deadline. Allowance of exemption for charitable trusts requires verification that investments held in prohibited modes were disinvested by the extended cut off; failure to have converted such investments by that deadline warrants withdrawal of previously granted exemptions through appropriate assessment remedial mechanisms.
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.
Investment compliance for charitable trusts: exemption requires disinvestment from prohibited modes by the extended deadline.
Allowance of exemption for charitable trusts requires verification that investments held in prohibited modes were disinvested by the extended cut off; failure to have converted such investments by that deadline warrants withdrawal of previously granted exemptions through appropriate assessment remedial mechanisms.
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