Tax exemption recognition under section 10(23C)(iv) granted subject to exclusive application of funds and restricted investments. Notification under section 10(23C)(iv) recognises Sanjay Gandhi Memorial Trust for specified assessment years subject to conditions: the trust must apply or accumulate income wholly and exclusively to its objects; invest or deposit funds only in permitted forms except voluntary in-kind contributions; and the notification excludes business profits unless the business is incidental to the trust's 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.
Tax exemption recognition under section 10(23C)(iv) granted subject to exclusive application of funds and restricted investments.
Notification under section 10(23C)(iv) recognises Sanjay Gandhi Memorial Trust for specified assessment years subject to conditions: the trust must apply or accumulate income wholly and exclusively to its objects; invest or deposit funds only in permitted forms except voluntary in-kind contributions; and the notification excludes business profits unless the business is incidental to the trust's objectives with separate books maintained.
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