Central Government notify the Core Settlement Guarantee Fund, set up by Indian Clearing Corporation Limited (ICCL), Mumbai - 50/2016 - Income Tax Act, 1961
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Tax exemption notification: Core Settlement Guarantee Fund recognised under Income-tax Act clause for specified assessment years. Notification declares the Core Settlement Guarantee Fund, established by a recognised clearing corporation, as qualifying under the Income Tax exemption provision in clause (23EE) of section 10 for the 2016-17 assessment year and subsequent assessment years, thereby placing the Fund within the scope of the statutory exemption for clearing-related guarantee arrangements.
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.
Tax exemption notification: Core Settlement Guarantee Fund recognised under Income-tax Act clause for specified assessment years.
Notification declares the Core Settlement Guarantee Fund, established by a recognised clearing corporation, as qualifying under the Income Tax exemption provision in clause (23EE) of section 10 for the 2016-17 assessment year and subsequent assessment years, thereby placing the Fund within the scope of the statutory exemption for clearing-related guarantee arrangements.
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