Income-tax notification under section 10(23C)(iv): exemption granted subject to exclusive application of income, specified investments, and business limits. Notification under section 10(23C)(iv) notifies the Jayaprakash Institute of Social Change, Calcutta for specified assessment years subject to conditions: the institution must apply or accumulate its income wholly and exclusively for its objects; invest or deposit funds only in forms permitted by sub-section (5) of section 11, except voluntary contributions in kind; and any business income is excluded unless the business is incidental to objectives and separate books of account are 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.
Income-tax notification under section 10(23C)(iv): exemption granted subject to exclusive application of income, specified investments, and business limits.
Notification under section 10(23C)(iv) notifies the Jayaprakash Institute of Social Change, Calcutta for specified assessment years subject to conditions: the institution must apply or accumulate its income wholly and exclusively for its objects; invest or deposit funds only in forms permitted by sub-section (5) of section 11, except voluntary contributions in kind; and any business income is excluded unless the business is incidental to objectives and separate books of account are maintained.
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