Tax exemption for notified charitable institution conditioned on exclusive use of income and specified investment restrictions. Notification designates Maharashtra Gandhi Smarak Nidhi, Pune, as a notified charitable institution under section 10(23C)(iv) for specified assessment years, conditioned on applying or accumulating income wholly and exclusively to its objects, limiting investments to the forms or modes in subsection (5) of section 11 (with an exception for certain tangible voluntary contributions), and excluding business income unless incidental and recorded 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 for notified charitable institution conditioned on exclusive use of income and specified investment restrictions.
Notification designates Maharashtra Gandhi Smarak Nidhi, Pune, as a notified charitable institution under section 10(23C)(iv) for specified assessment years, conditioned on applying or accumulating income wholly and exclusively to its objects, limiting investments to the forms or modes in subsection (5) of section 11 (with an exception for certain tangible voluntary contributions), and excluding business income unless incidental and recorded in separate books.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
