Tax exemption notification under section 10(23C)(iv) confirms nonprofit trust status for specified income-tax assessment years. The Central Government, exercising its statutory power to notify institutions for income-tax exemption, designates Navajbai Ratan Tata Trust, Bombay as a notified charitable trust under the provision corresponding to clause (23C)(iv) of section 10. The notification applies the exemption provision to the trust for a specified sequence of assessment years, thereby bringing the trust within the tax-exemption framework for that defined temporal period.
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.
Tax exemption notification under section 10(23C)(iv) confirms nonprofit trust status for specified income-tax assessment years.
The Central Government, exercising its statutory power to notify institutions for income-tax exemption, designates Navajbai Ratan Tata Trust, Bombay as a notified charitable trust under the provision corresponding to clause (23C)(iv) of section 10. The notification applies the exemption provision to the trust for a specified sequence of assessment years, thereby bringing the trust within the tax-exemption framework for that defined temporal period.
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