Electoral trust recognition requires Board approval under the Central Government scheme to qualify for tax law status. The Income tax Act defines Electoral Trust as a trust that has been approved by the Board in accordance with the scheme made by the Central Government, making Board approval pursuant to the government scheme the operative condition for qualifying as an electoral trust under tax law.
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.
Electoral trust recognition requires Board approval under the Central Government scheme to qualify for tax law status.
The Income tax Act defines Electoral Trust as a trust that has been approved by the Board in accordance with the scheme made by the Central Government, making Board approval pursuant to the government scheme the operative condition for qualifying as an electoral trust under tax law.
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