Approval under section 10(23C)(vi): trust must apply income exclusively to educational objects and meet specified compliance conditions. Approval granted under section 10(23C)(vi) is conditional: activities must be genuine and confined to educational objects; income must be applied exclusively for those objects; capitation fees are prohibited; investments must be in permitted modes; business income is excluded unless incidental with separate accounts; anonymous donations are restricted; returns must be regularly filed; and surplus on dissolution must be transferred to a similar non-profit. Approval is limited to the specified exemption and may be withdrawn if procured by fraud or if conditions are breached.
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): trust must apply income exclusively to educational objects and meet specified compliance conditions.
Approval granted under section 10(23C)(vi) is conditional: activities must be genuine and confined to educational objects; income must be applied exclusively for those objects; capitation fees are prohibited; investments must be in permitted modes; business income is excluded unless incidental with separate accounts; anonymous donations are restricted; returns must be regularly filed; and surplus on dissolution must be transferred to a similar non-profit. Approval is limited to the specified exemption and may be withdrawn if procured by fraud or if conditions are breached.
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