Tax exemption under section 10(23C)(iv) granted subject to exclusive application of income and investment conditions. Notification designates Bharat Sevashram Sangha, Calcutta for the benefit of sub-clause (iv) of clause (23C) of section 10 for specified assessment years, conditional on applying or accumulating income wholly and exclusively to its objects, restricting investments to permitted forms (excluding certain voluntary contributions in kind), and excluding business profits unless incidental to objectives with separate books maintained.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 10(23C)(iv) granted subject to exclusive application of income and investment conditions.
Notification designates Bharat Sevashram Sangha, Calcutta for the benefit of sub-clause (iv) of clause (23C) of section 10 for specified assessment years, conditional on applying or accumulating income wholly and exclusively to its objects, restricting investments to permitted forms (excluding certain voluntary contributions in kind), and excluding business profits unless incidental to objectives with separate books maintained.
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