Tax exemption under section 10(23C)(iv): institution notified subject to application, investment and business-incidence conditions for specified years. Notification designates India International Centre as eligible for the section 10(23C)(iv) exemption for specified assessment years, conditional on applying income wholly and exclusively to its objects; restricting investments or deposits (except certain voluntary contributions in kind) to permitted modes; and excluding business profits unless the business is incidental to its 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 under section 10(23C)(iv): institution notified subject to application, investment and business-incidence conditions for specified years.
Notification designates India International Centre as eligible for the section 10(23C)(iv) exemption for specified assessment years, conditional on applying income wholly and exclusively to its objects; restricting investments or deposits (except certain voluntary contributions in kind) to permitted modes; and excluding business profits unless the business is incidental to its objectives with separate books maintained.
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