Charitable notification under section 10(23C)(iv) grants tax recognition subject to income application and investment conditions. Notifies Tata Agricultural and Rural Training Centre for the Blind, Bombay under sub clause (iv) of clause (23C) of section 10 for assessment years 1991 92 and 1992 93, subject to conditions that income be applied wholly and exclusively to the institution's objects, investments be limited to modes permitted by the Act (excluding certain voluntary contributions held as jewellery or furniture), and that business income is excluded unless incidental to objects with separate books of account.
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.
Charitable notification under section 10(23C)(iv) grants tax recognition subject to income application and investment conditions.
Notifies Tata Agricultural and Rural Training Centre for the Blind, Bombay under sub clause (iv) of clause (23C) of section 10 for assessment years 1991 92 and 1992 93, subject to conditions that income be applied wholly and exclusively to the institution's objects, investments be limited to modes permitted by the Act (excluding certain voluntary contributions held as jewellery or furniture), and that business income is excluded unless incidental to objects with separate books of account.
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