Tax exemption under section 10(23C)(iv) granted subject to income application, investment restrictions, and business income limits. Notification grants charitable tax-exempt status to Sarva Seva Sangh for specified assessment years on conditions: income must be applied or accumulated solely for the organisation's objects; investments or deposits of funds are permitted only in the specified forms for charitable application (excluding voluntary contributions retained as jewellery, furniture, etc.); and the exemption does not extend to business income unless the business is incidental to the objectives and is 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.
Tax exemption under section 10(23C)(iv) granted subject to income application, investment restrictions, and business income limits.
Notification grants charitable tax-exempt status to Sarva Seva Sangh for specified assessment years on conditions: income must be applied or accumulated solely for the organisation's objects; investments or deposits of funds are permitted only in the specified forms for charitable application (excluding voluntary contributions retained as jewellery, furniture, etc.); and the exemption does not extend to business income unless the business is incidental to the objectives and is maintained in separate books.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
