Grant-in-aid exemption: central government grants and interest to Orissa State AIDS Control Society exempt subject to conditions. Notification designates the Orissa State AIDS Control Society for tax recognition of amounts received as grants-in-aid from the Central Government and interest earned thereon, subject to conditions that the Society does not engage in commercial activity, that its activities and the nature of the specified income remain unchanged during the financial year, and that it files its return of income as prescribed; grants must be received and applied according to prevailing rules and regulations.
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.
Grant-in-aid exemption: central government grants and interest to Orissa State AIDS Control Society exempt subject to conditions.
Notification designates the Orissa State AIDS Control Society for tax recognition of amounts received as grants-in-aid from the Central Government and interest earned thereon, subject to conditions that the Society does not engage in commercial activity, that its activities and the nature of the specified income remain unchanged during the financial year, and that it files its return of income as prescribed; grants must be received and applied according to prevailing rules and regulations.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
