Notification under section 10(23C)(iv) conditions charitable recognition on income application, permitted investments and incidental business accounting for specified years. Notification registers Bombay Panjrapole under section 10(23C)(iv) for specified assessment years, conditional on applying or accumulating income exclusively to its objects; restricting investments and deposits to permitted forms except for voluntary contributions kept as jewellery or furniture; and excluding business profits unless the business is incidental to 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.
Notification under section 10(23C)(iv) conditions charitable recognition on income application, permitted investments and incidental business accounting for specified years.
Notification registers Bombay Panjrapole under section 10(23C)(iv) for specified assessment years, conditional on applying or accumulating income exclusively to its objects; restricting investments and deposits to permitted forms except for voluntary contributions kept as jewellery or furniture; and excluding business profits unless the business is incidental to objectives and accounted for in separate books.
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