Approved Charitable Institution status determines eligibility for specified income tax concessions when approved by the prescribed authority. An Approved Charitable Institution includes institutions expressly specified in the tax statute and institutions established for charitable purposes that have been approved by the prescribed authority under the relevant approval clause, and also encompasses institutions listed in the separate category for charitable contributions, with the classification determining eligibility for the linked tax concession.
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.
Approved Charitable Institution status determines eligibility for specified income tax concessions when approved by the prescribed authority.
An Approved Charitable Institution includes institutions expressly specified in the tax statute and institutions established for charitable purposes that have been approved by the prescribed authority under the relevant approval clause, and also encompasses institutions listed in the separate category for charitable contributions, with the classification determining eligibility for the linked tax concession.
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