Notification under income-tax law: recognition of a charitable trust for specified assessment years enabling tax-exempt status. The Central Government, invoking clause (iv) of sub section (23C) of section 10 of the Income tax Act, notifies a charitable trust as qualifying for exemption under that clause and specifies the assessment years to which that recognition applies, functioning as an administrative declaration of entitlement to the statutory tax benefit.
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Provisions expressly mentioned in the judgment/order text.
Notification under income-tax law: recognition of a charitable trust for specified assessment years enabling tax-exempt status.
The Central Government, invoking clause (iv) of sub section (23C) of section 10 of the Income tax Act, notifies a charitable trust as qualifying for exemption under that clause and specifies the assessment years to which that recognition applies, functioning as an administrative declaration of entitlement to the statutory tax benefit.
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