Approval under Section 10(23C)(vi) for an educational institution, subject to exclusive application of income and compliance conditions. Approval is conferred on Little Flower Education Society as an educational institution subject to conditions: income must be applied or accumulated wholly and exclusively for educational purposes; activities must be confined to education; investments are limited to modes permitted for charitable funds (with certain exceptions for voluntary contributions in kind); business income is excluded unless incidental and separately accounted; regular income tax returns must be filed; on dissolution assets must vest in a similar charitable organisation; anonymous donations are excluded; approval remains in force until withdrawn.
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.
Approval under Section 10(23C)(vi) for an educational institution, subject to exclusive application of income and compliance conditions.
Approval is conferred on Little Flower Education Society as an educational institution subject to conditions: income must be applied or accumulated wholly and exclusively for educational purposes; activities must be confined to education; investments are limited to modes permitted for charitable funds (with certain exceptions for voluntary contributions in kind); business income is excluded unless incidental and separately accounted; regular income tax returns must be filed; on dissolution assets must vest in a similar charitable organisation; anonymous donations are excluded; approval remains in force until withdrawn.
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