Charitable exemption recognition: notified for specified assessment years with exclusive income application and restricted investments. Notification recognises the institution under clause (23C)(iv) of section 10 for specified assessment years, conditional on applying or accumulating income wholly and exclusively to its objects; restricting investments or deposits (other than certain voluntary contributions) to forms specified in sub section (5) of section 11; and excluding business profits unless incidental to 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.
Charitable exemption recognition: notified for specified assessment years with exclusive income application and restricted investments.
Notification recognises the institution under clause (23C)(iv) of section 10 for specified assessment years, conditional on applying or accumulating income wholly and exclusively to its objects; restricting investments or deposits (other than certain voluntary contributions) to forms specified in sub section (5) of section 11; and excluding business profits unless incidental to objectives with separate books maintained.
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