Charitable Status Recognition: Notification grants tax exemption to institution subject to application and investment conditions. Notification recognizes Hindu Satkar Samiti, Calcutta as a charitable institution for assessment years 1992-93 to 1995-96, conditional on applying or accumulating income wholly and exclusively to its objects, restricting investments to forms permitted for charitable trusts (excluding certain voluntary contributions retained as assets), and excluding business profits from concessionary treatment unless the business is incidental and maintained 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.
Charitable Status Recognition: Notification grants tax exemption to institution subject to application and investment conditions.
Notification recognizes Hindu Satkar Samiti, Calcutta as a charitable institution for assessment years 1992-93 to 1995-96, conditional on applying or accumulating income wholly and exclusively to its objects, restricting investments to forms permitted for charitable trusts (excluding certain voluntary contributions retained as assets), and excluding business profits from concessionary treatment unless the business is incidental and maintained in separate books.
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