Tax exemption recognition under section 10(23C)(iv) granted subject to exclusive application of income and investment restrictions. Notification recognises Bengal Social Service League under the charitable-institution provision for specified assessment years, conditioned on applying or accumulating income wholly and exclusively for its objects, restricting investments or deposits except in permitted modes (with voluntary contributions in jewellery, furniture, etc. excluded), and excluding business income unless the business is incidental and maintained in separate books.
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 recognition under section 10(23C)(iv) granted subject to exclusive application of income and investment restrictions.
Notification recognises Bengal Social Service League under the charitable-institution provision for specified assessment years, conditioned on applying or accumulating income wholly and exclusively for its objects, restricting investments or deposits except in permitted modes (with voluntary contributions in jewellery, furniture, etc. excluded), and excluding business income unless the business is incidental and maintained in separate books.
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