Tax exemption under section 10(23C)(iv) granted to Krishnamurti Foundation India, subject to application and investment conditions. Notification under section 10(23C)(iv) recognises Krishnamurti Foundation India, Madras, for the relevant assessment years subject to conditions: income must be applied or accumulated solely for the institution's objects; funds must be invested only in permitted forms (with voluntary contributions held in physical forms excepted); and the notification excludes business income unless the business is incidental 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.
Tax exemption under section 10(23C)(iv) granted to Krishnamurti Foundation India, subject to application and investment conditions.
Notification under section 10(23C)(iv) recognises Krishnamurti Foundation India, Madras, for the relevant assessment years subject to conditions: income must be applied or accumulated solely for the institution's objects; funds must be invested only in permitted forms (with voluntary contributions held in physical forms excepted); and the notification excludes business income unless the business is incidental and accounted for in separate books.
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