Notification under section 10(23C)(iv): tax exemption granted to organization subject to application, investment and business segregation conditions. Notification under section 10(23C)(iv) notifies Maharashtra State Women's Council, Bombay as eligible for the provision for the specified assessment years, subject to conditions: apply or accumulate income wholly and exclusively for its objects; not invest or deposit funds except in modes permitted under section 11(5) (excluding certain voluntary contributions held as jewellery, furniture, etc.); and exclude business income unless incidental to objectives 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.
Notification under section 10(23C)(iv): tax exemption granted to organization subject to application, investment and business segregation conditions.
Notification under section 10(23C)(iv) notifies Maharashtra State Women's Council, Bombay as eligible for the provision for the specified assessment years, subject to conditions: apply or accumulate income wholly and exclusively for its objects; not invest or deposit funds except in modes permitted under section 11(5) (excluding certain voluntary contributions held as jewellery, furniture, etc.); and exclude business income unless incidental to objectives with separate books of account.
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