Charitable exemption notification: society permitted tax-exempt status subject to exclusive application of income and investment restrictions. Notification confers charitable tax-exempt status on All India Pingalwara Society for specified assessment years, provided the society applies or accumulates income exclusively for its objectives, limits investments and deposits to permitted modes, and treats business income as non-applicable unless the business is incidental to its 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.
Charitable exemption notification: society permitted tax-exempt status subject to exclusive application of income and investment restrictions.
Notification confers charitable tax-exempt status on All India Pingalwara Society for specified assessment years, provided the society applies or accumulates income exclusively for its objectives, limits investments and deposits to permitted modes, and treats business income as non-applicable unless the business is incidental to its objectives with separate books maintained.
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