Central Government specifies SBI Mutual Fund set up by the State Bank of India, a bank constituted under the State Bank of India Act, 1955 (23 of 1955) u/s 10(23D) - S.O.1064(E) - Income Tax Act, 1961

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Specified mutual funds designation under income-tax exemption: SBI Mutual Fund and CANBANK Mutual Fund recognised as public sector bank funds. Central Government designates SBI Mutual Fund and CANBANK Mutual Fund as mutual funds of public sector banks for the purpose of the income-tax exemption provision for specified mutual funds, exercising the executive power to specify institutions that qualify for the statutory tax treatment.

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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.

Specified mutual funds designation under income-tax exemption: SBI Mutual Fund and CANBANK Mutual Fund recognised as public sector bank funds.

Central Government designates SBI Mutual Fund and CANBANK Mutual Fund as mutual funds of public sector banks for the purpose of the income-tax exemption provision for specified mutual funds, exercising the executive power to specify institutions that qualify for the statutory tax treatment.

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Central Government specifies SBI Mutual Fund set up by the State Bank of India, a bank constituted under the State Bank of India Act, 1955 (23 of 1955) u/s 10(23D) - S.O.1064(E) - Income Tax Act, 1961

Specified mutual funds designation under income-tax exemption: SBI Mutual Fund and CANBANK Mutual Fund recognised as public sector bank funds.

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Central Government specifies SBI Mutual Fund set up by the State Bank of India, a bank constituted under the State Bank of India Act, 1955 (23 of 1955) u/s 10(23D) - S.O.1064(E) - Income Tax Act, 1961

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Specified mutual funds designation under income-tax exemption: SBI Mutual Fund and CANBANK Mutual Fund recognised as public sector bank funds.

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