Tax exemption notification grants charitable-status subject to exclusive income application and specified investment and accounting restrictions. The notification designates Child Relief and You as eligible under clause (23C)(iv) of section 10 for specified assessment years, conditional on applying or accumulating income wholly and exclusively to its objects, restricting investments to modes in sub section (5) of section 11 (with limited exceptions for certain voluntary contributions), and excluding business profits 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 notification grants charitable-status subject to exclusive income application and specified investment and accounting restrictions.
The notification designates Child Relief and You as eligible under clause (23C)(iv) of section 10 for specified assessment years, conditional on applying or accumulating income wholly and exclusively to its objects, restricting investments to modes in sub section (5) of section 11 (with limited exceptions for certain voluntary contributions), and excluding business profits unless the business is incidental and accounted for in separate books.
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