Tax exemption under section 10(23C)(iv) granted subject to exclusive application of income and investment restrictions. Notification under section 10(23C)(iv) nominates Wildlife Association of South India for income-tax exemption subject to conditions: apply or accumulate income wholly and exclusively to its objects; invest funds only in permitted modes (except certain retained voluntary contributions); and exclude business profits unless incidental to objectives with separate books maintained.
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 under section 10(23C)(iv) granted subject to exclusive application of income and investment restrictions.
Notification under section 10(23C)(iv) nominates Wildlife Association of South India for income-tax exemption subject to conditions: apply or accumulate income wholly and exclusively to its objects; invest funds only in permitted modes (except certain retained voluntary contributions); and exclude business profits unless incidental to objectives with separate books maintained.
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