Tax exemption notification: Chief Minister's Relief Fund granted conditional exemption subject to application and investment restrictions. Notification designates Chief Minister's Relief Fund, Maharashtra, Bombay as eligible under clause (iv) of clause (23C) of section 10 for the stated assessment years, subject to conditions: income must be applied or accumulated solely for the fund's objects; funds (except voluntary contributions held as jewellery, furniture, etc.) must be invested only in modes permitted for charitable trusts; and profits and gains of business are excluded unless the business is incidental to the fund's objectives and accounted for 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 notification: Chief Minister's Relief Fund granted conditional exemption subject to application and investment restrictions.
Notification designates Chief Minister's Relief Fund, Maharashtra, Bombay as eligible under clause (iv) of clause (23C) of section 10 for the stated assessment years, subject to conditions: income must be applied or accumulated solely for the fund's objects; funds (except voluntary contributions held as jewellery, furniture, etc.) must be invested only in modes permitted for charitable trusts; and profits and gains of business are excluded unless the business is incidental to the fund's objectives and accounted for in separate books.
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